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] Bitget to list Kiichain (KII)
New data display features added to the futures elite trader homepage
CFD profit share feature upgraded for safer earnings
New stock categories added to the market selection pop-up in the elite trade section
Crypto prices
More
