SEC Concludes Investigation of Stacks Developer Hiro Systems One Day After Paxos Case Closure

SEC Concludes Investigation Of Hiro Systems And Paxos, Crypto Industry Celebrates

The US Securities and Exchange Commission (SEC) has closed its three-year investigation into Hiro Systems. The agency revealed its decision against the blockchain software developer, formerly known as Blockstack, in a filing on Friday, 12 July 2024. Notably, the SEC’s conclusion of the investigation comes just a day after it closed a separate case involving..

Paxos Obtains Approval from Singapore's Central Bank for Compliant Stablecoin Services

After US And UAE, Paxos Gets Singapore’s Nod For Issuing Stablecoins

Leading stablecoin issuer Paxos received approval from the Monetary Authority of Singapore (MAS) to issue stablecoins, on 1 July 2024. Singapore’s central bank authorized the New York-headquartered company to offer specific services that will enable it to issue stablecoins in compliance with the country’s stablecoin framework. This approval will allow the company’s Singapore entity, Paxos..

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