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PayPal, a global payments giant, has received approval from the Financial Conduct Authority (FCA) to offer cryptocurrency services in the UK. Registered as a cryptoasset business, PayPal is now permitted to offer certain services and advertise to local clients, albeit with stringent restrictions. This move is part of PayPal's strategy to build a post-Brexit base in Britain and makes it the fifth company to obtain such registration from the FCA this year. The approval paves the way for the resumption of crypto services in 2024. However, PayPal's efforts towards stablecoin have attracted the attention of the Securities and Exchange Commission (SEC), indicating regulatory skepticism about crypto.
PayPal’s stablecoin efforts have attracted the attention of the SEC, the latest sign of regulatory skepticism about crypto https://t.co/Pbx3u7dDeD
PayPal’s stablecoin efforts have attracted the attention of the SEC, the latest sign of regulatory skepticism about crypto https://t.co/Hwg0456YeB
Paypal Achieves FCA Registration in the UK, Paving the Way for #Crypto Services Resumption in 2024 https://t.co/7lyWaFsMKw
ICYMI: PayPal UK registers with FCA for crypto services but faces stringent restrictions https://t.co/A57kdWY0vu
UK financial watchdog @TheFCA has approved the registration of @PayPalUK to offer crypto services in the region, but the payments giant still faces restrictions. @BrandyBetz reports https://t.co/DqRXFJYil7
As of an Oct. 31 update, PayPal UK Limited has successfully registered as a cryptoasset business, becoming the fifth company to obtain such registration from the FCA this year https://t.co/tFt3UuQoR1
Payments firm @PayPal joins a host of crypto companies now registered with the FCA. Read more below: https://t.co/bKvjWiPBLx
PayPal has been approved to offer cryptocurrencies to its user in the United Kingdom. As good as this is for mass adoption, Reminder that holding crypto on centralised platforms doesn’t mean you “own” the crypto. The minute you upset the government your crypto will be taken.… https://t.co/Xp5g1zbtpF
PayPal gets crypto green light in UK as sets up post-Brexit base https://t.co/QY8czB7Gjk https://t.co/XKTZSdtB0Q
PayPal gets crypto green light in UK as sets up post-Brexit base https://t.co/RexOMbhkkI https://t.co/F5YCtgYqqe
PayPal Secures Crypto Registration in the UK ► https://t.co/WYRffioRSA https://t.co/WYRffioRSA
⚠️ PayPal gets crypto green light in UK as sets up post-Brexit base (Reuters) - PayPal has been registered to offer cryptoasset activities in Britain, the Financial Conduct Authority said on its website, as the global payments giant builds a post-Brexit base in Britain. The… https://t.co/69kR0xTqF6
PayPal UK registers with FCA for crypto services but faces stringent restrictions https://t.co/VkG24QlShx
JUST IN: 🇬🇧 PayPal receives approval to offer crypto services in the United Kingdom.
Payments giant @PayPal obtains #crypto marketing green light in #Britain The UK has brought in tougher safeguards on marketing cryptoassets, which have snarled companies like @binance. https://t.co/35hQpHcq6S
PayPal Receives Approval from FCA to Offer Cryptocurrency Services in the UK https://t.co/mZuQuPNWwx
NEW: PayPal has received license from the Financial Conduct Authority (FCA) as crypto operator in the 🇬🇧 UK https://t.co/rGDg0zwEUE
🇬🇧 Payment giant PayPal has received approval from the Financial Conduct Authority to offer crypto services in the United Kingdom. https://t.co/nUjcHd8CSh
.@PayPalUK has been approved for @TheFCA crypto register, allowing it to offer certain services and advertise to local clients. By @camomileshumba https://t.co/UcGMAbPnpw