"Paxos, the regulated blockchain infrastructure and tokenization platform for enterprises, continues driving the growth of digital assets in Brazil and broader Latin America through its partnerships with leading local, regional, and global enterprises."

"Crypto brokerage and stablecoin issuer Paxos has decided to withdraw its business from the Canadian market effective 2 June 2023, the company said in a notice on its website on 12 April. According to the announcement, Canadian users are no longer able to create a Paxos account, and existing customers will be unable to transact from their accounts starting from 2 June, except for withdrawing their funds. The company also noted that customers who have zero funds in their Paxos accounts will have their accounts automatically shuttered on 9 May."

"Paxos, the regulated blockchain and tokenization infrastructure platform, crossed ten million active end user digital wallets globally. Despite widespread market uncertainty, Paxos has demonstrated clear growth through customer-backed support. Using the regulated, blockchain-based Paxos brokerage product, leading financial services companies can launch their own digital asset investment, transfer, reward and payment solutions to their users. This is securely enabled through Paxos' institutional grade qualified custody, licensing and trading capabilities. In less than three years since introducing the product, Paxos established high-volume product integrations with leading and secure global enterprises like PayPal, Interactive Brokers, OANDA, Mercado Libre and Nubank so everyday consumers can access digital assets using the apps they know and trust. Through these and other partnerships, Paxos reaches half a billion user wallets, with more than 2% now actively trading or holding digital assets. Notably, nearly 60% of the active wallets serve consumers across Latin America."

“Paxos, the leading regulated blockchain infrastructure platform, announced today at the Singapore Fintech Festival that Paxos Global Pte Ltd has received a license from the Monetary Authority of Singapore (MAS) to offer digital payment token services under the Payment Services Act 2019. Paxos is the first US-based blockchain infrastructure platform to secure the license as a Major Payments Institution. Paxos meets the highest standards of regulation in both New York and Singapore, making it the most comprehensively regulated platform globally.   Paxos is now able to offer its leading digital asset and blockchain products and services, subject to Singapore’s regulatory requirements, to companies domiciled in Singapore. Paxos is one of the earliest digital asset operators to secure this licensing, underscoring the company’s commitment to operating with transparency and integrity for its customers. The license will also help Paxos to support its current partners in expanding their services into Asia.”

“Today, Paxos, the leading regulated blockchain infrastructure platform, published “What’s Driving the Immense Growth of Crypto in Latin America?”, a new white paper that delves into the consumer and market trends fueling adoption of digital assets in the region. Following the successful integration of crypto into numerous Latin American fintech apps like Mercado Libre, Nubank, PicPay and others, Paxos sought to understand the drivers behind the region’s robust embrace of cryptocurrency. Crypto usage in Latin America has increased by 1370% from 2019-2021, according to Chainalysis.”