Regulation will keep PayPal's new crypto services from looking anything like crypto

Cointelegraph

Published Oct 21, 2020 11:27AM ET

Updated Oct 21, 2020 01:00PM ET

Earlier today, PayPal confirmed that it would be adding crypto payments to its global platform over coming months.

The rollout will begin in the United States, where PayPal also became the first recipient of the New York Department of Financial Services' (NYDFS) conditional Bitlicense, a program that the regulator announced this past summer.

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