Stablecoin Issuer Paxos Receives Operating License From Singapore Regulator

“From the start, we’ve been committed to innovating within regulatory frameworks,” he said. “We believe blockchain and digital assets will revolutionize finance for everyone around the world, but development of this technology must have clear oversight and consumer protections. We’re excited to have MAS as our regulator, and with their oversight, we’ll be able to safely accelerate consumer adoption of digital assets globally in partnership with the world’s biggest enterprises.”