Crypto Corner: PayPal launches its cryptocurrency service in the UK

In a big move towards global acceptance for cryptocurrency PayPal will let British customers buy, hold and sell digital currencies, starting this week. 

This marks the the first international expansion of  U.S. online payments giant PayPal’s crypto product, which first launched in the U.S. in October last year.

PayPal’s crypto feature lets customers buy or sell bitcoin, bitcoin cash, ethereum or litecoin with as little as one pound. Users can not however move their crypto assets out of the app. 

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This comes at a time when  U.K.’s Financial Conduct Authority, or FCA, is increasingly cracking down on cryptocurrency exchanges that do not meet its registration requirements.