Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Stable Coins Forum => Topic started by: Malam90 on February 24, 2021, 05:22:51 AM

Title: Paxos Plans to File for a Clearing Firm License.
Post by: Malam90 on February 24, 2021, 05:22:51 AM
Paxos-stablecoin issuer and crypto exchange-is now planning to apply be become Cleaning farm with SEC.
After approving, they will become one of the top cleaning farm in the USA. They will act as intermediaries in securities markets in USA. You can read details  (https://www.coindesk.com/paxos-plans-to-file-for-a-clearing-firm-license)
Title: Re: Paxos Plans to File for a Clearing Firm License.
Post by: damsix on February 28, 2021, 09:41:12 AM
It looks like PAXOS doesn't want to be a problem coin in the future because all cryptocurrencies are being audited for wealth through the SEC.
So PAXOS is planning to approach and cooperate with the SEC in order to get proper and guaranteed legality.
This is smarter than Tether who is too reckless to create stable coins regardless of existing regulations in America.
Title: Re: Paxos Plans to File for a Clearing Firm License.
Post by: Condorlaib on February 28, 2021, 02:48:46 PM
Quote from: damsix on February 28, 2021, 09:41:12 AM
It looks like PAXOS doesn't want to be a problem coin in the future because all cryptocurrencies are being audited for wealth through the SEC.
So PAXOS is planning to approach and cooperate with the SEC in order to get proper and guaranteed legality.
This is smarter than Tether who is too reckless to create stable coins regardless of existing regulations in America.
I completely agree with your opinion, but nevertheless usdt is much more popular and in demand in society than Paxos. ะบ I think that in this case this factor can be decisive.