Paxos, the U.S.-based regulated blockchain infrastructure platform, has received a licence from the Monetary Authority of Singapore to offer digital payment token services under the Payment Services Act 2019. Paxos is the first US-based blockchain infrastructure platform to secure the licence as a Major Payments Institution. Paxos is now able to offer its digital asset and blockchain products and services, subject to Singapore’s regulatory requirements, to companies domiciled in Singapore.
