Payment systems giant PayPal has registered with the financial regulator FCA in the UK and received approval for its cryptocurrency services.
UK financial regulator as PayPal crypto service provider to FCA registered. PayPal’s UK subsidiary, according to information on the FCA’s website PayPal UK Limitedwas allowed to engage in certain cryptocurrency activities.
With this approval from the FCA, PayPal’s may offer certain crypto services and advertise to its local customers. was expressed.
PayPal previously said, Unified KingdomIt announced that it would temporarily stop its crypto purchasing services in . As a reason FCAThe new rules of were pointed out.
PayPal recently to cryptocurrencies increased his interest to a certain level. Payment giant for cryptocurrency transfers and payments PayPal USD (PYUSD) He released a stablecoin called .