Important news for the blockchain industry: PayPal has finally given the green light to offer crypto-related services in the UK. What does this mean and what changes will it entail? See below for all the details.
A step forward in crypto adoption by PayPal
As anticipated, PayPal, one of the world’s leading payment companies, has received approval to offer crypto-related services in the UK.
This approval, specifically, was granted by the country’s Financial Conduct Authority (FCA), allowing the company to promote and provide specific crypto services to citizens.
According to the FCA website, PayPal UK Limited has been successfully registered as a crypto service provider. This approval demonstrates the company’s compliance with the anti-money laundering regulations set by the regulatory authority.
In fact, PayPal has been authorized to engage in “certain crypto-asset activities.”
As we know, several nations have recently faced the complex challenge of regulating digital
We współpracy z: https://en.cryptonomist.ch/2023/11/02/paypal-revolutionises-uk-crypto-services/
