Paxos announces it has received two in-principle approvals in Abu Dhabi
On November 29th, according to The Block, Paxos has obtained two principle approvals from the Abu Dhabi Global Market Financial Services Regulatory Authority to issue stablecoins and provide cryptocurrency brokerage and custody services.
A Paxos spokesperson stated that the company is expected to receive full approval in the first half of next year, which will enable Paxos to issue new stablecoins backed by the US dollar and other currencies from Abu Dhabi.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Fermion Protocol Redefines Luxury Ownership with $1M Dolce & Gabbana Glass Suit Fractionalization
Why Altcoins Can’t Make the Expected Mega Bullish Move? Analyst Reveals the Main Reason
While Bitcoin is trading near all-time highs, why are many altcoins nowhere near record highs?
Spot Litecoin ETF Under SEC Review Added to DTCC List – What Does It Mean?
Canary's spot Litecoin ETF has been included in the DTCC's ETF list.
This Project Focusing on Real World Assets (RWAs) Launches a New Program in Collaboration with Google Cloud! Here Are the Details
MANTRA, a Layer 1 blockchain designed for tokenized real-world assets (RWAs), has launched RWAccelerator.
Trending news
MoreCrypto prices
More
