PayPal has completed registration with the UK Financial Conduct Authority and is approved to provide cryptocurrency services

Odaily News Regulatory Authority website shows that payment giant PayPal has successfully registered as a cryptocurrency service provider with the British Financial Conduct Authority. Paypal UK Limited registered on Tuesday and is permitted to engage in “certain crypto asset activities.” Companies offering cryptocurrency services in the UK must obtain registration approval and comply with the FCA’s anti-money laundering rules. (CoinDesk)