Paxos, Circle receive Singapore MAS regulatory approval
Paxos issued License approval and in-principle approval affecting Monetary Authority of Singapore on November 2, 2022.
- Primary
- Paxos
- Counterparty
- Monetary Authority of Singapore
- Structure
- License approval and in-principle approval
- Date
- November 2, 2022
- Sub-sector
- Crypto / Stablecoin
Paxos becomes first U.S.-based stablecoin issuer approved by Singapore; Circle gains ability to offer USDC and payment services in major Asian financial hub.
Source: cryptoslate.com