Paxos Plans to Expand Regulated Operations to Europe with Membrane Finance Acquisition

TL;DR Paxos has announced the acquisition of Membrane Finance, a regulated financial institution in Finland, to expand its operations in Europe. The purchase is subject to approval by local authorities and will allow the firm to operate as an electronic money institution (EMI) in the EU. Membrane Finance issues the EURe stablecoin, pegged to the ... source: https://crypto-economy.com/paxos-plans-to-expand-regulated-operations-to-europe-with-membrane-finance-acquisition/