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Decentralized, Yet Somehow Also Custodial, Finance

Columnist Jon Reiter analyzes a fundamental contradiction in the cryptocurrency/DeFi space regarding custody and regulatory exemptions.

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Paxos: Defining Disingenuity

Paxos: Defining Disingenuity

For years, the crypto company Paxos peddled a “regulatory-first” image to lawmakers and the public while, according to a recent settlement with the New York Department of Financial Services (NYDFS), its internal compliance operations were a "catastrophic shambles."