PayPal Gains FCA Approval for Offering Crypto Services

PayPal Gains FCA Approval for Crypto Services in UK

PayPal has acquired approval from the UK's Financial Conduct Authority (FCA) to offer certain cryptocurrency services. This approval comes as the UK continues to play a prominent role in the cryptocurrency space.

The FCA's registration allows PayPal to provide limited crypto-related activities. But with restrictions, including no onboarding of new customers for crypto services.