📰 Paxos has received full approval from the Financial Conduct Authority of Singapore (MAS)! 🎉 Paxos Digital Singapore Pte. Ltd will be able to offer digital payment token services as the main payment institution. Paxos will be able to issue stable coins according to MAS's upcoming stable coin framework. 🏦 DBS Bank will be a partner for Paxos' cash management and stablecoin reserve. Paxos had previously received approval to issue stablecoins in the US and UAE. So far, 19 crypto companies have obtained primary payment institution licenses in Singapore, including Paxos, Blockchain.com, Circle and Coinbase. 😮