Daily brief

August 8, 2025

3 stories curated for this day.

Paxos has agreed to a $48.5 million settlement with New York authorities over alleged anti-money laundering (AML) failures linked to its past relationship with Binance. Sources: finextra (opens in a new tab)
Binance launched Mastercard Move-powered Sell to Card and Withdraw to Card across the EEA and UK, enabling near-real-time euro payouts from crypto sales or existing euro balances to eligible Mastercards. Sources: finextra (opens in a new tab)
Binance has partnered with BBVA to enable customers to hold their cryptocurrency assets off-exchange, according to reports. Sources: finextra (opens in a new tab)