SEC Approves Paxos as Blockchain-Based Securities Clearing Agency

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The post SEC Approves Paxos as Blockchain-Based Securities Clearing Agency appeared first on Coinpedia Fintech News

The U.S. Securities and Exchange Commission has registered Paxos Securities Settlement Company as a clearing agency under Section 17A, making it the only blockchain-native firm authorized to operate as a central securities depository in the United States. The approval follows seven years of regulatory engagement, including a 2019 no-action letter and a live equities settlement …