CoinVoice has recently learned that on November 1, CoinDesk reported that payment giant PayPal has successfully registered as a cryptocurrency service provider with the UK Financial Conduct Authority (FCA). According to the regulator's website information, PayPal UK Limited has been allowed to conduct "specific crypto asset activities" since Tuesday. Companies providing crypto services in the UK must obtain registration approval and comply with the FCA's anti-money laundering rules. This registration means that PayPal can approve its own crypto-related communications under the recently implemented marketing regime.
Last August, PayPal announced that it would temporarily suspend cryptocurrency purchases in the UK to comply with the regime. [Original link]
