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Market Cap:
24h Vol:
Cryptocurrencies: 23854
Bitcoin Bitcoin Share: 60.19%
Markets: 99612
AMB Crypto
2023-02-11 11:10:14

PayPal pauses Stablecoin development amid regulatory crackdown

PayPal pauses Stablecoin development amid regulatory crackdown

Fintech giant PayPal has paused the work on its upcoming stablecoin due to the current regulatory environment in the crypto industry. Its stablecoin development partner Paxos is currently facing a probe by the New York Department of Financial Services. American fintech firm PayPal has stopped working on its upcoming stablecoin as U.S. federal agencies renew

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