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
[Initial Listing] Camp Network (CAMP) will be listed in Bitget Innovation and Public Chain Zone
XPLUSDT now launched for pre-market futures trading
Announcement on Bitget listing AAPL, GOOGL, AMZN, META, MCD RWA Index perpetual futures
Bitget Trading Club Championship (Phase 6)—Grab a share of 80,000 BGB, up to 800 BGB per user!
Trending news
MoreCrypto prices
More
