How does Paxos source digital currencies in New York?

Can you explain the process of how Paxos acquires digital currencies in New York? I'm interested in understanding the steps they take to ensure a reliable and secure source of digital currencies.

3 answers
- Paxos sources digital currencies in New York through a rigorous process that involves partnering with trusted financial institutions and complying with regulatory requirements. They establish relationships with banks and other liquidity providers to ensure a steady supply of digital currencies. Additionally, Paxos follows strict security protocols to safeguard the acquired digital currencies.
Mar 18, 2022 · 3 years ago
- To source digital currencies in New York, Paxos collaborates with various liquidity providers and exchanges. They have established relationships with reputable financial institutions and undergo thorough due diligence to ensure the legitimacy and reliability of their sources. Paxos also complies with regulatory frameworks, such as obtaining necessary licenses and adhering to anti-money laundering (AML) and know your customer (KYC) regulations.
Mar 18, 2022 · 3 years ago
- When it comes to sourcing digital currencies in New York, Paxos takes a proactive approach. They work closely with their partners, including liquidity providers and exchanges, to ensure a robust supply chain. By leveraging their extensive network and expertise, Paxos is able to acquire digital currencies in a secure and efficient manner. Their commitment to compliance and security sets them apart in the industry.
Mar 18, 2022 · 3 years ago
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