Paxos seeks approval to become fully-regulated crypto bank

[sirty143]

Paxos seeks approval to become fully-regulated crypto bank

The stablecoin issuer and PayPal partner wants to increase its range and scope of services by becoming the first crypto services provider to be regulated at... See more for yourself here.

Your opinion is greatly appreciated.

[pelana vreo]

Good news, I think there will be many banks in the future who want the same thing with paxos, paypal as a partner of paxos already accepts Bitcoin for payments and this will make it easier for crypto users around the world to deposit and withdraw crypto assets through local banks or international

[Bitstar_coin]

I think it is a great idea, although i know many crypto lovers will not want this because of the regulation involved but if crypto must to go mainstream and be adopted by the government there will be regulations to fit in with the financial institutions operations, no bank will want to operate in a completely decentralized environment, they won't be able to provide better service in that condition.