Paxos receives regulatory approval to complete the acquisition of Finnish electronic money institution Membrane Finance

ChainCatcher news, according to crowdfundinsider, Paxos announced that it has received regulatory approval to complete the acquisition of the Finnish electronic money institution Membrane Finance. The specific acquisition amount has not been disclosed. After the acquisition is completed, Paxos will become a fully licensed EMI (Electronic Money Institution) in Finland and the European Union. This acquisition allows Paxos to expand its regulated platform to provide services to European customers in a secure and compliant manner.