{"id":69659,"date":"2022-11-07T15:03:45","date_gmt":"2022-11-07T13:03:45","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=69659"},"modified":"2025-09-07T21:24:03","modified_gmt":"2025-09-07T18:24:03","slug":"paxos-to-hire-130-blockchain-specialists-for-its-singapore-subsidiary","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/paxos-to-hire-130-blockchain-specialists-for-its-singapore-subsidiary\/","title":{"rendered":"Paxos to hire 130 blockchain specialists for its Singapore subsidiary"},"content":{"rendered":"

Paxos, over the next three years, will expand the Singapore unit headcount from 20 to 150 specialists. Bloomberg<\/a>.<\/p>\n

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As of today, the team totals 350 people.<\/p>\n

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The expansion is linked to the recent receipt of \\”approval in principle\\”<\/a> from the Monetary Authority of Singapore to provide services related to cryptocurrencies and other digital assets.<\/p>\n

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\\”Singapore will become our growth hub outside the United States\\”<\/em>, \u2014 said co-founder Rich Teo.<\/p>\n<\/blockquote>\n

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Of 200 applications for digital-asset jobs in Singapore, the regulator approved only 18.<\/p>\n

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The regulator noted that Paxos’s plan runs counter to industry trends.<\/p>\n

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Specifically, headcount optimization was announced by Crypto.com<\/a>, BitMEX<\/a>, Robinhood<\/a>, Gemini<\/a>, Bitso<\/a>, Coinbase<\/a>, BlockFi<\/a> and the parent company of the Brazilian exchange Mercado Bitcoin<\/a>.<\/p>\n

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In the United States, Paxos holds a conditional license as a national trust bank<\/a> and plans to obtain a clearing agency<\/a> license.<\/p>\n

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The BUSD stablecoin, issued for the Binance exchange, has been approved by the New York State Department of Financial Services.<\/p>\n

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Follow ForkLog’s Bitcoin news on our Telegram<\/a> \u2014 cryptocurrency news, rates and analytics.<\/p>\n","protected":false},"excerpt":{"rendered":"

Paxos will expand its Singapore unit headcount from 20 to 150 over the next three years, Bloomberg reports.<\/p>\n","protected":false},"author":1,"featured_media":69660,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[83,1504,946],"class_list":["post-69659","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-business","tag-paxos","tag-singapore"],"aioseo_notices":[],"amp_enabled":true,"views":"20","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/69659","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=69659"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/69659\/revisions"}],"predecessor-version":[{"id":69661,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/69659\/revisions\/69661"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/69660"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=69659"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=69659"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=69659"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}