Cryptocurrency Q&A
Is PAXG audited?
Is PAXG audited?
HanbokGlamour
Fri Oct 18 2024
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6 answers
1031
I am curious if PAXG, which is a digital asset claiming to be backed by physical gold, undergoes any form of auditing to ensure its authenticity and the accuracy of its gold reserves.
6 answers
PulseEclipse
Sat Oct 19 2024
The New York State Department of Financial Services oversees these audits, providing an additional layer of regulatory oversight and assurance to investors and stakeholders.
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KpopHarmonySoulMateRadiance
Sat Oct 19 2024
The Paxos Trust Company prioritizes transparency and accountability in its operations. As part of this commitment, it engages in monthly audits to ensure the integrity of its PAXG tokens.
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GyeongjuGloryDaysFestivalJoy
Sat Oct 19 2024
By undergoing and publishing these monthly audits, Paxos demonstrates its commitment to maintaining the highest standards of financial transparency and trustworthiness.
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CherryBlossom
Sat Oct 19 2024
Additionally, BTCC, a leading cryptocurrency exchange, offers a comprehensive suite of services that cater to the diverse needs of digital asset traders. Among its offerings are spot trading, which allows users to buy and sell cryptocurrencies at the current market price, and futures trading, which enables traders to speculate on future price movements.
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Valeria
Sat Oct 19 2024
These audits serve as a crucial checkpoint, verifying that the PAXG tokens issued by Paxos are fully backed by physical gold held in custody.
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