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 Licensed by the FCA on Oct. 31, 2023, PayPal has requirements or restrictions placed on the financial services activities that it can operate.
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<div class="cointelegraph">
 <p>Global payment giant PayPal has received approval from the Financial Conduct Authority (FCA) to offer <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> services in the United Kingdom.</p>
 <p>According to official FCA data, PayPal has been registered to offer “certain <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> asset activities” in the U.K. since Oct. 31, 2023.</p>
 <p>According to the register, PayPal has requirements or restrictions placed on the financial services activities that it can operate.</p>
 <p>“This includes, but is not limited to, ceasing on-boarding new customers and restricting existing customers to hold and sell functionality,” the information on the FCA register reads.</p>
 <p>“The firm cannot expand its current offering in <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> assets,” the register notes, adding that it’s “including, but not limited” to <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> exchange services, participation in initial coin offerings, staking, peer-to-peer exchange and decentralized finance activities such as lending and borrowing.</p>
 <p class="post-content__disclaimer">This is a developing story, and further information will be added as it becomes available.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/paypal-scores-uk-crypto-license-after-brief-local-bitcoin-buy-halt-tbt68675.html">https://thebittimes.com/paypal-scores-uk-crypto-license-after-brief-local-bitcoin-buy-halt-tbt68675.html</a></p>

PayPal scores UK crypto license after brief local Bitcoin buy halt

TheBitTimes

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