PayPal announces that customers can now hold and trade crypto
After a slow rollout last month, PayPal’s Bitcoin trading services are now fully operational in the United Kingdom. On Friday, PayPal announced that all eligible users in the United Kingdom can now use their PayPal accounts to purchase, hold, and sell cryptocurrencies. Customers can exchange Bitcoin, Ether, Litecoin, and Bitcoin Cash. As previously stated, only […]
UK hedge fund Brevan Howard launches crypto division
Brevan Howard has also engaged Colleen Sullivan, the former CEO of CMT Digital, to oversee private and venture capital investments in cryptocurrency. The hedge fund Brevan Howard , which is based in the United Kingdom, intends to “significantly expand” its bitcoin and digital asset portfolio, according to a recent report from Reuters. Founder and long-time […]
Regulating crypto could backfire says UK FCA chairman
Excessive regulation of the crypto sector, according to the chairman of the Financial Conduct Authority (FCA) in the United Kingdom, could backfire, especially in the case of some cryptocurrency tokens. Regulators must strengthen consumer protections for crypto token investors while also keeping in mind that excess could backfire, according to the chair of the Financial […]
The United Kingdom’s FCA says it is not capable of supervising Binance
According to a recent supervisory notice, the UK’s financial conduct authority believes that cryptocurrency exchange Binance is “not capable” of being successfully monitored by the agency. The Financial Conduct Authority (FCA) document was first reported by the Financial Times . The supervisory notice, issued June 25th, outlines the limits that the FCA intends to impose […]
UK becomes PayPal’s first crypto expansion outside the U.S
PayPal customers in the United Kingdom will be able to buy, sell, and store four different cryptocurrencies: Bitcoin, Ethereum, Bitcoin Cash, and Litecoin. PayPal customers in the United Kingdom can now purchase, sell, and hold Bitcoin, Ethereum, Bitcoin Cash, and Litecoin starting Monday. Through a crypto page on PayPal’s website and mobile app, customers may […]