Paxos and StraitsX get in-principle approvals from the Monetary Authority of Singapore to issue USD-backed stablecoins (Suvashree Ghosh/Bloomberg)

November 16, 2023

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Suvashree Ghosh / Bloomberg:

Paxos and StraitsX get in-principle approvals from the Monetary Authority of Singapore to issue USD-backed stablecoins — – City-state issues in-principle licenses to stablecoin firms — Japan and Hong Kong also aim to attract such businesses — Singapore awarded a batch …

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