Stablecoin issuer Paxos agreed to buy Membrane Finance, an electronic money institution based in Finland, to gain access to the European Union some five months after the bloc's rules on stablecoins took effect.

Crypto companies have been taking steps to ensure they are compliant with the Markets in Crypto Asset (MiCA) regulations. The rules covering stablecoin issuers kicked in at the end of June, and the rest take effect at the end of the year. Coinbase last month said it would delist unauthorized stablecoin issuers from its exchange, and crypto exchange Gemini just started its operations in France.

"Upon completion of the acquisition, Paxos will be a fully licensed EMI in Finland and the EU," the company said Tuesday. "Paxos intends to make its portfolio of assets and tokenization solutions compliant with Markets in Crypto Asset (MiCA) regulations."

Terms of the acquisition, which is subject to regulatory approval, were not disclosed.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。