Fiat Freeway: Paxos Closes its $142M Series C Round, FinCEN’s Coming for Self-hosted Wallets

Quick Take

  • ‘Fiat Freeway’ is a weekly column providing the latest updates on central bank digital currencies (CBDCs) and stablecoins. 
  • This week’s column examines Paxos’ $142M Series C fundraising and FinCEN’s newly proposed KYC rules for digital wallets.
Last week, ‘Fiat Freeway’ focused on the latest influx of applications by digital asset firms seeking to obtain banking licenses, which is likely a reaction to authorities’ actions. We’ve also previously covered recent digital asset industry backlash from Capitol Hill, China’s Digital Currency Electronic Payment (DC/EP) progress in the second half of 2020, the ECB’s […]

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