Are there any restrictions on who can buy or sell tokenized gold on the blockchain such as Paxos Standard (PAX) and/or Paxos Crypto Brokerage (PAXG)?
Yes, there are restrictions on who can buy or sell tokenized gold on the blockchain such as Paxos Standard (PAX) and/or Paxos Crypto Brokerage (PAXG).
In order to purchase PAXG, customers must be accredited investors and meet certain eligibility requirements. These requirements include having a minimum net worth of $1 million or more, excluding the value of their primary residence, or having an annual income of at least $200,000 for the past two years. Additionally, customers must be US citizens or permanent residents and have a valid US address.
In order to sell PAXG, customers must also meet certain eligibility requirements. These requirements include being an accredited investor and having a valid US address. Additionally, customers must have held their PAXG tokens for at least six months prior to selling them.
Finally, in order to purchase PAX tokens, customers must be verified by Paxos and have a valid US address.
