LATEST: Global Payment Processor PayPal Gains Approval from UK Regulator for Crypto Services

Payment giant PayPal has achieved registration with the U.K. Financial Conduct Authority (FCA) as a crypto service provider, marking a significant development in the cryptocurrency industry. The FCA’s approval allows PayPal UK Limited to engage in specific crypto activities and advertise its services to local clients. Additionally, being on the FCA’s register enables PayPal to oversee its own crypto-related communications in compliance with recently implemented marketing regulations. This move comes after PayPal temporarily halted crypto purchases in the U.K. to adhere to regulatory requirements.

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