Paxos gains initial MAS approval to issue USD stablecoin in Singapore By Investing.com – Canada Boosts
© Reuters. SINGAPORE – Cryptocurrency brokerage Paxos has obtained preliminary approval from the Financial Authority of Singapore (MAS) to subject a U.S. dollar-backed stablecoin, marking a big step within the firm’s growth efforts in Asia. This in-principle approval below the Funds Companies Act (PSA) permits Paxos to supply digital cost token providers whereas awaiting full…