As global crypto markets encounter significant turbulence and many participants continue to feel the ripple effects of recent events, it’s helpful to gain a broader perspective and note that some regions are seeing crypto continuing to thrive, mainly due to a shared public and private commitment behind it.
Earlier today, Paxos sent the following update to its customers. The crypto industry is currently facing a tumultuous period. Amidst the ambiguity and turmoil, we want to provide transparency and…
Paxos received direction from US Federal Law enforcement to freeze Paxos-issued assets associated with four ethereum addresses. In compliance with the request, Paxos froze 11,184.38 PAXG tokens valued at roughly $19 million.
There are approximately 10,000 active crypto assets available today, and that number continues to grow as the crypto ecosystem grows, with global adoption increasing and platforms continuously expanding their asset offerings. However, not all new and emerging crypto assets will be seen as equally secure and compliant.
Paxos is proud to announce it has secured its formal license from the Monetary Authority of Singapore (MAS) for its Singapore entity. This is a Major Payments Institution License, making Paxos the first US company to secure full Major Payments Institution licensing in Singapore.
Paxos, the leading regulated blockchain infrastructure platform, announced today at the Singapore Fintech Festival that Paxos Global Pte Ltd has received a license from the Monetary Authority of Singapore (MAS) to offer digital payment token services under the Payment Services Act 2019. Paxos is the first US-based blockchain infrastructure platform to secure the license as a Major Payments Institution.