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PayPal to Pause Crypto Purchases in UK

Katie Lin

Summary: PayPal announced in an email to select users on Aug. 14 that it will temporarily halt cryptocurrency purchasing services in the United Kingdom over the upcoming months. According to the email, the halt will go into effect on October 1, 2023, and is expected to continue until some time in early 2024. Despite the halt, ...

PayPal announced in an email to select users on Aug. 14 that it will temporarily halt cryptocurrency purchasing services in the United Kingdom over the upcoming months. According to the email, the halt will go into effect on October 1, 2023, and is expected to continue until some time in early 2024. Despite the halt, PayPal assured users that they will still be able to hold and sell their existing cryptocurrency holdings during this period. 

Author: Katie Lin

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