Cointime

Cointime

Download App
iOS & Android
Home / Projects

PayPal Will Suspend Cryptocurrency Purchases in the UK From October and Is Expected To Resume Early Next Year

August 16th, according to Cryptoslate, PayPal stated in an email sent to some users on August 14th that due to new rules introduced by the UK Financial Conduct Authority (FCA), PayPal will temporarily suspend its cryptocurrency purchase services in the UK from October 1st, 2023, and will resume in early 2024, with no specific date yet.

Although unable to purchase cryptocurrency, PayPal stated that users will be able to hold and sell their cryptocurrency during the service interruption period. At the same time, PayPal did not specify whether users will be able to transfer cryptocurrency to other wallets and trading platforms.

However, PayPal assures users that their cryptocurrency is still safe and holding cryptocurrency will not incur any fees.

PayPal Cryptocurrency
Comments

All Comments

Recommended for you

  • BNB breaks above $610

     the market shows BNB has broken through $610 and is now at $610.1, with a 24-hour increase of 2.04%. The market is volatile, please do risk control.

  • JUP breaks through $1

    the market shows JUP has broken through $1 and is currently trading at $1.01, with a 24-hour increase of 9.78%. The market fluctuates greatly, so please be prepared for risk control.

  • SOL breaks through $160

    the market shows that SOL has broken through $160 and is currently trading at $160.01, with a 24-hour increase of 2.14%. The market is volatile, so please be prepared for risk control.

  • BTC breaks through $68,600

    the market shows BTC has broken through $68,600 and is now trading at $68,602.48, with a 24-hour increase of 0.67%. The market is volatile, so please be prepared for risk control.

  • BLUR is currently trading at $0.2718, up 12.2% in 24 hours

    the market shows that BLUR is currently trading at $0.2718, with a 24-hour increase of 12.2%. The market is volatile, so please be prepared for risk management.

  • SOL breaks through $160

     the market shows that SOL has broken through $160 and is currently trading at $160.02, with a 24-hour increase of 2.87%. The market is volatile, so please be prepared for risk control.

  • ETH breaks through $2,700

    the market showed ETH breaking through $2,700, currently reporting at $2,700.28, with a 24-hour increase of 2.29%. The market is volatile, so please be prepared for risk control.

  • ARB breaks through $0.6

    the market showed that ARB broke through 0.6 US dollars and is now reporting at 0.61 US dollars, with a 24-hour increase of 8.93%. The market fluctuations are large, so please be prepared for risk control.

  • ZachXBT: Suspected insiders made $3.8 million in profits on RTR

    On August 10th, Chain Detective ZachXBT posted on social media that 4 addresses made a profit of $3.8 million in the RTR sell-off, with the 9G1ELG and GHoW2 addresses belonging to the same person and receiving 500 SOL in new funds within minutes after the TGE. Previously, it was reported that Restore The Republic (RTR) had its TGE on the evening of August 8th, with rumors circulating in the community that it was related to a new project by the Trump family. The RTR token reached a high of $0.156 on August 9th at midnight. Afterwards, Eric Trump, the current Executive Vice President of the Trump Organization and son of Donald Trump, warned on social media to "be careful of false tokens" and that the only official Trump project has yet to be announced and will be announced on Twitter first. After the statement was released, RTR quickly dropped by about 95%, with a trading volume of $164 million within just 15 hours of its creation.

  • The U.S. Internal Revenue Service has released a new draft of the crypto tax form, which no longer requires filling in wallet addresses and transaction IDs

    The US Internal Revenue Service (IRS) released an updated draft version of tax form 1099-DA for cryptocurrency brokers and investors to report certain transaction income. The public has 30 days to provide feedback to the IRS on this version. Starting in 2026, cryptocurrency investors who use brokers (currently mainly Coinbase and Kraken, among others) will receive 1099-DAs from these brokers to report certain cryptocurrency sales and trades as taxable events to the IRS. IRS officials say this form will "bring more convenience and clarity" to users who pay US cryptocurrency taxes.

Daily Must-Read

Popular Activities

Delysium $AGI & AI Private Yacht Party

Delysium $AGI & AI Private Yacht Party

March 27 - March 27
Seoul

Popular Tags

Cointime
News
Contents
RSS
Company