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ARTICLE · 27 NOVEMBER 2024

Digital Asset Companies Expand Across Globe Through Acquisitions, Licenses

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According to a recent press release, Paxos, a U.S.-based blockchain and digital asset solutions company, announced that it has agreed to acquire Membrane Finance...

United StatesTechnology
Keith R. Murphy
Keith R. Murphy
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According to a recent press release, Paxos, a U.S.-based blockchain and digital asset solutions company, announced that it has agreed to acquire Membrane Finance, an electronic money institution licensed and based in Finland. As noted in the press release, Paxos issues USD-backed stablecoins to retail and institutional users, and the acquisition reportedly will allow Paxos to expand its regulated platform to serve European customers in compliance with the European Markets in Crypto Assets (MiCA) regulations.

Another recent press release announced that a major U.S. cryptocurrency exchange launched in France after previously registering there as a Virtual Asset Service Provider. According to the press release, users in France reportedly may now open an account to deposit, trade and store over 70 digital assets.

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