Posted 11/1/2023, 1:33:00 PM
PayPal UK Registers with UK Regulator as Crypto Provider, But Maintains Pause on Crypto Purchases
- PayPal UK registers with UK Financial Conduct Authority as a crypto service provider
- Registration allows PayPal to engage in certain crypto activities and comply with AML rules
- Landing on the FCA crypto register does not affect PayPal's pause on UK crypto purchases
- FCA approval enables transfer of UK customer accounts to PayPal UK from PayPal Europe in 2023
- PayPal UK faces restrictions from FCA, like expanding crypto offerings without permission