PANews reported on November 19 that according to its official blog, Paxos, a blockchain and tokenized infrastructure platform, announced that it has agreed to acquire Membrane Finance (Membrane), a licensed electronic money institution (EMI) headquartered in Finland. The acquisition is subject to regulatory approval. After the acquisition is completed, Paxos will become a fully licensed EMI in Finland and the European Union.
Paxos to acquire Finnish electronic money institution Membrane Finance
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