Paxos, known for its stablecoin issuances like PYUSD, is seeking a national banking charter from the OCC. This follows Ripple and Circle’s similar efforts, aiming for consistency in […]
Paxos Secure a Trust Bank License: Paving the Way for US Crypto Innovation
The cryptocurrency industry is witnessing a significant development that could profoundly impact how digital assets integrate with traditional finance. Paxos, a leading stablecoin issuer, has announced its ambitious […]
Paxos Seeks National Trust Bank Status to Expand Banking Services
Cryptocurrency infrastructure company Paxos Trust Company is making a push for access to traditional banking services by applying for a national trust bank charter with federal regulators. This […]
Paxos Aims for US Trust Bank License to Expand Financial Services
Stablecoin and blockchain infrastructure provider Paxos is pursuing a trust bank license with U.S. regulators. The company’s goal is to establish an office in the United States, enabling […]
Paxos Seeks Trust Bank License to Broaden Financial Services
Paxos, a company known for its work on stablecoins and blockchain infrastructure, has announced its intention to obtain a trust bank license in the United States. This move […]
Paxos Faces $48.5 Million Penalty for Binance-Related Compliance Issues
Paxos has agreed to pay a $48.5 million penalty to the New York Department of Financial Services (NYDFS) in response to alleged anti-money laundering violations related to its […]