Paxos gets the greenlight to issue stablecoins in Abu Dhabi

2023-11-30 11:04

Stablecoin issuer Paxos has received in-principle approvals from the Financial Services Regulatory Authority to issue stablecoins in Abu Dhabi. Paxos, a cryptocurrency brokerage firm and stablecoin issuer, has secured two in-principle approvals of the Financial Services Regulatory Authority in Abu…

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abu paxos approvals financial authority regulatory services

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Paxos poised to expand global stablecoin operations in Abu Dhabi with regulatory green light

Paxos has obtained in-principle approvals from the Financial Services Regulatory Authority (FSRA) in the Abu Dhabi Global Market (ADGM). These approvals mark a significant step for Paxos in the region, allowing it to issue US dollars and other currency-backed stablecoins and offer crypto-brokerage and custody services from its regulated ADGM entities.

2023-11-30 19:00