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PayPal Temporarily Pauses Crypto Buying Services
1 year ago
12
PayPal
UK
transfers
wallets
Coinbase
National Futures Association (NFA)
Futures Commission Merchant (FCM)
crypto futures trading
spot crypto trading
leveraged crypto futures
U.S. SEC lawsuit. Binance
PayPal has informed select users via email that it will temporarily halt cryptocurrency buying services in the UK starting from October 1, 2023. This pause is expected to last until early 2024. During this period, users will still be able to hold and sell their cryptocurrencies, but buying will be unavailable. The company hasn't clarified if transfers to other wallets and exchanges will be possible. PayPal assured users that their crypto assets remain secure and that holding will not incur charges. The company expressed regret for the inconvenience caused to customers. PayPal Temporarily Pauses Crypto Buying Services
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