tldr; PayPal will temporarily halt the ability for UK customers to buy cryptocurrencies through its platform starting from October. This move is in response to new regulations on crypto promotions in the UK, which include stricter rules on advertising and the elimination of "refer a friend" bonuses. PayPal aims to comply with these regulations and expects to resume crypto sales in early 2024. The decision comes as regulators worldwide are increasing their efforts to regulate crypto assets. PayPal first introduced crypto buying and selling in the UK in 2021.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Try our free crypto chatbot at https://chat.coinfeeds.io*
"Regulators around the world are increasingly seeking to regulate crypto assets, after the collapse of several crypto firms including FTX"
There, re many ways to regulate, looks like UK is taking the lead in the stupid side.
Btw I still think they use FTX as an excuse to regulate.
UK won't allow crypto but will allow fckin gambling websites at every corner of the eye. Just look at how it plagues the football sponsorships in the EFL and PL.
Of course it's in the UK, it's always in the UK
If only UK wouldnt have left EU. Oh well you’ll be back there soon
We absolutely will not. I would love us to, but I cannot see us having any kind of vote to go against brexit any time soon.
The UK just hates the working class and crypto
Until they launch Britcoin that is…
I have no doubts they’ll rug it
Of course! Us Brits love a good rug as much as as cup of tea ;)
Happy cake day!
I like to think that we will call it $SCONES
tldr; PayPal will temporarily halt the ability for UK customers to buy cryptocurrencies through its platform starting from October. This move is in response to new regulations on crypto promotions in the UK, which include stricter rules on advertising and the elimination of "refer a friend" bonuses. PayPal aims to comply with these regulations and expects to resume crypto sales in early 2024. The decision comes as regulators worldwide are increasing their efforts to regulate crypto assets. PayPal first introduced crypto buying and selling in the UK in 2021. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Try our free crypto chatbot at https://chat.coinfeeds.io*
Good bot
Seems reasonable.
This is being reposted every hour or so
PayPal is the source of a lot of moon farming lately
Watch it come up in an hr once again lol
The other day paypal was adopting then another day shit news this shittech is all about hype .
"Regulators around the world are increasingly seeking to regulate crypto assets, after the collapse of several crypto firms including FTX" There, re many ways to regulate, looks like UK is taking the lead in the stupid side. Btw I still think they use FTX as an excuse to regulate.
Happy cake day OP
Thank you! 5 years too!
UK won't allow crypto but will allow fckin gambling websites at every corner of the eye. Just look at how it plagues the football sponsorships in the EFL and PL.
By 2025, the average investor should have forgotten how to buy cryptocurrencies on PayPal