US Law Enforcement Directs Paxos to Freeze More Than 11,000 PAXG Tokenized Gold Coins

According to the blockchain infrastructure company Paxos, the firm has frozen 11,184.38 pax gold (PAXG) tokens held on the platform FTX.com. The regulated token issuer noted that it was directed to freeze the PAXG tokens after “direction from U.S. federal law enforcement.” Paxos Complies With U.S.

Timeline of Paxos-standard, Pax-gold

Paxos said it is working with law enforcement and has frozen assets in the wake of FTX's collapse. The post Paxos freezes assets tied to FTX after law enforcement directive appeared first on The Block.

In a recent development, the stablecoin issuers Circle and Paxos have received approvals in Singapore. According to the report, the Monetary Authority of Singapore (MAS) signed the licenses for the firms.

On November 2, the Monetary Authority of Singapore (MAS) approved Paxos' license and granted in-principle approval to Circle. The post Circle, Paxos secure regulatory approval from Singapore financial watchdog appeared first on CryptoSlate.

Paxos has plans to hire at least 130 people for its Singapore office after receiving a license to offer digital payment token services. The post Paxos granted Singapore license, plans to hire at least 130: Bloomberg appeared first on The Block.

Stablecoin issuers Circle and Paxos have won approvals for their respective licences from the Monetary Authority of Singapore. The approvals received will help these firms offer crypto-related services in Singapore, which has lately been emerging as one of the leading financial hubs of the world.

Payments giant MasterCard is set to launch a new program in collaboration with crypto-exchange Paxos. This new venture will aid financial institutions in offering crypto-trading services to their clients.

Payment giant Mastercard is joining hands with New York-headquartered blockchain tech firm Paxos to launch a program that will make it easier for traditional financial institutions to offer cryptocurrency trading by providing regulatory compliance and security.

Payments giant Mastercard is offering to help traditional financial institutions get into crypto by providing the necessary fiat rails. The post Mastercard to Offer Crypto Trading to Banks With Paxos appeared first on BeInCrypto.

Mastercard Inc (NYSE: MA) on Monday announced a program to enable financial institutions to bring secure crypto trading capabilities and services to their customers, in partnership with blockchain infrastructure platform Paxos. Per the agreement, on behalf of the banks, Paxos will offer crypto-asset trading and custody services, while Mastercard will use its technology to integrate those capabilities into the bank interfaces, giving customers a "seamless" experience.

Mastercard (NYSE: MA), one of the world's leading payment providers, is looking to bring crypto trading to more users via a program set to enable the participation of banks, a new report says.