Payment giant PayPal has registered as a cryptocurrency service provider with the UK's Financial Conduct Authority

ChainCatcher news, payment giant PayPal has successfully registered as a crypto service provider with the UK's Financial Conduct Authority, authorized to engage in "certain crypto asset activities." Companies providing cryptocurrency services in the UK must obtain registration approval and comply with the FCA's anti-money laundering rules.

Previously, in August, PayPal announced a temporary suspension of cryptocurrency purchases in the country to comply with the regime.