Paxos secures approval from Singapore’s financial regulator By Cointelegraph

Mar 11, 2022



The Financial Authority of Singapore, or MAS, has granted stablecoin issuer Paxos regulatory approval to supply crypto companies to native corporations.

In a Thursday announcement, Paxos mentioned it had acquired a license from Singapore’s monetary regulator permitting the agency to offer blockchain and crypto companies underneath the nation’s Cost Providers Act. The stablecoin issuer mentioned the regulatory approval would assist assist its companions in increasing companies into Asia.