“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.”