Fiat Freeway: Paxos Closes its $142M Series C Round, FinCEN’s Coming for Self-hosted 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 ‘digital euro’ initiative, the Fed’s classification of CBDC literature, Norges Bank’s study on CBDC ‘Safe Asset’ Funding, an ECB Board Member’s stablecoin speech in Frankfurt, Circle’s blog post on using stablecoins for US foreign policy in Venezuela, and a BIS paper on “rigid stablecoins” from the late Bank of Amsterdam.