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PayPal Halts UK Crypto Sales: FCA’s Stricter Rules Take Center Stage

PayPal Halts UK Crypto Sales: FCA’s Stricter Rules Take Center Stage
The global online payments company PayPal is planning to pause cryptocurrency sales for a minimum of three months starting October 1 for users in the UK. This unprecedented move is a response to the new regulations introduced by the UK’s watchdog.In a message to its users cited by Forbes, PayPal announced its compliance-driven decision, indicating that customers can still hold and sell their existing crypto assets while the platform adjusts to the evolving regulatory landscape.FCA’s New Measu... Read More
Posted: Aug 16 2023, 07:42
Author Name: financemagnates
Views: 112517

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