🚀 Big moves in the crypto world! Paxos, a stablecoin issuer, is set to acquire Membrane Finance, a Finnish electronic money institution. This strategic move will help Paxos tap into the European Union market, aligning with the new MiCA regulations that kicked in this June.

- Finland, an EU member, enforces strict rules for stablecoin issuers.

- Paxos aims to be a fully licensed EMI in Finland and the EU.

- The acquisition is pending regulatory approval, with terms undisclosed.

What are your thoughts on Paxos' expansion into the EU? Share your insights in the comments!