Paxos Standard
On November 2, the Monetary Authority of Singapore (MAS) approved Paxos’ license and granted in-principle approval to Circle. The post Circle, Paxos secure regulatory approval from Singapore financial watchdog appeared…
As a result of the license, Paxos can to offer blockchain and digital asset products and services to Singaporean businesses.
The latest crypto companies to obtain licenses from Singapore’s financial regulator are Circle and Paxos.
The approvals came after the Monetary Authority of Singapore issued two consultation papers that proposed to ease regulatory hurdles for digital asset service providers.
Stablecoin issuers Circle and Paxos have won approvals for their respective licences from the Monetary Authority of Singapore. The approvals received will help these firms offer crypto-related services in Singapore,…
Stablecoin Issuers Circle and Paxos have been granted licenses to operate by the Monetary Authority of Singapore (MAS). The country also recently granted Coinbase a license.
This means the company can now provide cross-border and domestic payment services and also offer token products within the region.
Paxos is the latest company to secure a license in Singapore, allowing it to offer blockchain or crypto services to local businesses.
Payments giant MasterCard is set to launch a new program in collaboration with crypto-exchange Paxos. This new venture will aid financial institutions in offering crypto-trading services to their clients.
Payments giant Mastercard is teaming up with Paxos to launch crypto trading for banks by taking care of compliance and security.
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