After launching in the crypto world in the United States and the United Kingdom, PayPal is also landing in Luxembourg with its crypto services, finally expanding also into the European Union.
It will expand its crypto service to Luxembourg in the coming days, the news was announced by the payments company last Wednesday. This is really important news that marks PayPal’s landing in the European Union. Moreover, Luxembourg already hosted PayPal’s EU headquarters for a long time, so in the near future it could serve as a gateway for the other 26 member countries, precisely, the day the new regulation for cryptocurrencies (MiCA) comes into force.
The new regulatory framework aims to grant companies registered in each individual member state a license to offer their services throughout the EU through an identification registration process. Crypto exchanges Binance and Coinbase have taken this route in recent months. More recently, Nexo and Gemini have registered in Italy.
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