PayPal suspends crypto buying services in the UK
posted 16 Aug 2023
![PayPal suspends crypto buying services in the UK Photo - PayPal suspends crypto buying services in the UK](https://media.gncrypto.news/moneta-1692197815geEfZ.jpg)
Starting October 1, 2023, PayPal will no longer support cryptocurrency purchases for it's users from the United Kingdom. This action is consistent with the company's obligation to comply with local financial legislation.
While the measure is planned to last until the start of 2024, PayPal remains hopeful about restoring the service. During the suspension, users are free to either hold their existing cryptocurrencies without any associated fees or sell them if they choose.
While the measure is planned to last until the start of 2024, PayPal remains hopeful about restoring the service. During the suspension, users are free to either hold their existing cryptocurrencies without any associated fees or sell them if they choose.
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