2023-11-30 21:00 |
The approval followed a similar move by regulators in Singapore, where Paxos said its local entity would launch a U.S. dollar-backed stablecoin.
Similar to Notcoin - TapSwap on Solana Airdrops In 2024
|
The digital currency and stablecoin issuer Paxos has been granted conditional approval for a bank charter under the Paxos National Trust in New York. The U.S. Office of the Comptroller of the Currency issued a preliminary conditional approval which means the regulating entity still has to authorize the firm’s future banking plans. Paxos Granted Preliminary […]
2021-4-25 00:30 | |
|
|
Paxos is the latest company to obtain preliminary conditional approval from the U. S. Office of the Comptroller of the Currency (OCC) to establish a de novo National Trust Bank. This is the third such charter issued by the OCC, the top banking regulator, to a crypto native company.
2021-4-24 18:00 | |
|
|
Continue reading at Coinspeaker
2021-4-24 14:33 | |
|
|
The stablecoin issuer has nabbed a banking license, but it doesn't mean they'll be doing any banking in the traditional sense.
2021-4-24 00:37 | |
|
|
The stablecoin issuer and PayPal partner wants to increase its range and scope of services by becoming the first crypto services provider to be regulated at both state and federal levels.
2020-12-11 07:17 | |
|
|
The SEC has issued yet another ‘no action‘ letter. Was it Congressman Tom Emmers’ denunciation of the regulator, or was it simply a hat tip to the need to move forward to a more efficient future? Either way, the SEC has granted approval for equities trades to be settled using a Paxos-run blockchain.
2019-10-31 22:49 | |
|
|
The largest crypto exchange in the world, Binance, has recently reunited with Paxos to create a new stablecoin pegged to the dollar (USD). Now, the New York State Department of Finances Services (NYDFS).
2019-9-6 20:40 | |
|
|
The Paxos stablecoin (PAX) will launch on the Ontology (ONT) blockchain by May 2019. Paxos, a regulated stablecoin with the approval of the New York State Department of Financial Services (NYSDFS), will enable business operations on the Ontology blockchain by eliminating the volatility associated with cryptocurrency.
2019-4-29 17:00 | |
|
|
Today, November 14, 2018, the New York State Department of Financial Services (DFS) announced that it has approved the application of NYDIG Execution LLC, a subsidiary of NYDIG LLC, for a virtual currency license and a money transmission license.
2018-11-15 01:22 | |
|
|
Stablecoins have been all the rage this year with currently dozens in circulation bearing names like Tether, Basis, Sagacoin, TrueUSD, Dai and Carbon. Just this month, two more came onto the market, the Paxos Standard token and the Gemini Dollar, which both received regulatory approval from the New York Department of Financial Services.
2018-9-21 19:31 | |
|
|
Stablecoins have been all the rage this year with currently dozens in circulation bearing names like Tether, Basis, Sagacoin, TrueUSD, Dai and Carbon. Just this month, two more came onto the market, the Paxos Standard token and the Gemini Dollar, which both received regulatory approval from the New York Department of Financial Services.
2018-9-24 19:31 | |
|
|
Earlier this month, three stablecoins (Gemini, Paxos and Carbon) that are pegged 1:1 to the U. S. dollar launched with regulatory approval. But many investors don’t like the dollar’s inflationary features and some undoubtedly prefer value stored in precious metals.
2018-9-21 00:00 | |
|
|
Industry buzz surrounded Ethereum this week as community members await the next stage of the coin’s development. The protocol also served as the jumping-off point for a new fully regulated stablecoin.
2018-9-16 18:41 | |
|
|
Paxos Standard (PAX), a new coin launched by Paxos, is a 1:1 dollar-collateralized stablecoin built on the Ethereum ERC20 protocol.
2018-9-11 14:18 | |
|
|
Right on the heels of the Winklevoss twins’ enterprise announcement that Gemini will be matching cryptocurrency and fiat finances dollar-for-dollar with its new stablecoin, New York-based Paxos joins the realm of federally regulated crypto assets.
2018-9-11 14:00 | |
|
|
Two crypto companies, Gemini Trust and Paxos, got a green light from a New York state regulator to launch their own stablecoins pegged 1:1 to the U. S. dollar. New York Department of Financial Services (NYDFS) gave an okay to Gemini Trust, the crypto exchange founded by the Winklevoss twins, to launch Gemini Dollar (GUSD).
2018-9-11 01:58 | |
|
|
| Analogue Notcoin - TapSwap |
The value of the stablecoin Pax Dollar (USDP), issued by the Paxos Trust Company, experienced a surge to a high of $1.28, triggering the liquidation of $529,000 in USDC for a market participant. Like regular stablecoins, USDP is designed to…
Серия пилотных испытаний сети блокчейнов, соединяющих между собой банки и финансовые учреждения, стала одним из крупнейших экспериментов на рынках капитала, узнало издание Bloomberg. В эксперименте участвовали международные мега-корпорации, в том числе Goldman Sachs, BNY Mellon, Cboe Global Markets.
Paxos has received two in-principle approvals from the Financial Services Regulatory Authority in the Abu Dhabi Global Market (ADGM). The company will issue USD-pegged stablecoins as well as crypto brokerage and custody services.
A Bitcoin miner who mistakenly received the 19.8 BTC in fees returned the funds to the New York-based regulated blockchain, Paxos. On Sept. 10, a BTC transaction that moved only nearly $2,000 had a payment fee of $500,000. Later, on…
Paxos paid $520,000 for a $2,000 bitcoin transaction earlier this week.
The total assets held in PayPal USD custody “meet or exceed the token balance,” with total tokens outstanding amounting to $44.4 million as of Aug. 31, Paxos report states.