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Invezz 2023-11-16 09:03:16

Paxos secures preliminary license for crypto services in Singapore

In a significant development in Singapore’s cryptocurrency space, Paxos, the blockchain infrastructure firm, has obtained a preliminary license from the Monetary Authority of Singapore (MAS). This preliminary approval enables Paxos Digital Singapore, the newly established entity, to initiate digital payment token services under the regulatory framework of the Payments Services Act. Paxos to introduce a

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