Sam Bankman-Fried convicted, PayPal faces SEC subpoena, and other news: Hodler’s Digest, Oct. 19 – Nov. 4
Sam Bankman-Fried is found guilty of fraud, other crimes; PayPal
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PayPal
First Mover Americas: SEC Subpoenas PayPal About USD Stablecoin
The latest price moves in bitcoin [BTC] and crypto markets in context for Nov. 2, 2023. First Mover is CryptoX’s daily newsletter that contextualizes the latest actions in the crypto markets. Source
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U.S. SEC Subpoenas PayPal About USD Stablecoin, Company Says
Global payments giant PayPal (PYPL) received a subpoena from the U.S. SEC requesting documentation about its USD stablecoin on Wednesday. Source
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PayPal faces SEC action related to PYUSD stablecoin: Report
Payment giant PayPal has received a subpoena from the United States Securities and Exchange Commission (SEC) regarding its U.S. dollar-pegged stablecoin.The Enforcement division of the SEC has sent a subpoena to PayPal related to its PayPal USD (PYUSD) stablecoin, the firm disclosed on Nov. 2, according to a report by
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PayPal earns recognition as cryptoasset business in the UK
According to an Oct. 31 update, PayPal UK Limited secured registration as a cryptoasset business by the Financial Conduct Authority (FCA). This makes PayPal the fifth firm to receive the FCA’s crypto registration this year, alongside names like Interactive Brokers, Bitstamp and Komainu. One of the 14% approved Under PayPal’s listing on the FCA
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PayPal scores UK crypto license after brief local Bitcoin buy halt
Global payment giant PayPal has received approval from the Financial Conduct Authority (FCA) to offer crypto services in the United Kingdom.According to official FCA data, PayPal has been registered to offer “certain crypto asset activities” in the U.K. since Oct. 31, 2023.According to the register, PayPal has requirements or restrictions
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Payments Giant PayPal Approved for UK FCA Crypto Register
Landing on the register, which opened in 2020, means PayPal can also approve its own crypto-related communications under the recently imposed marketing regime. In August, PayPal announced that it was temporarily pausing crypto purchases in the country to comply with the regime. Original Source
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What Crypto Can Learn From Regulatory Overhauls at PayPal, Robinhood and Revolut
Similarly, regulation in crypto can encourage greater transparency by utilizing blockchain’s distributed ledger technology. We’ve seen legislation such as MiCA attempt to implement verification measures to bring Web3 in line with existing financial institutions. For example, it limits non-KYC’ed wallet addresses to 1,000 euros (~$1,057) per transaction — while KYCd
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PayPal applies for NFT marketplace patent, Meta’s avatars impress: Nifty Newsletter
In this week’s newsletter, read about how a nonfungible token (NFT) artist raised money to support a cancer charity and why payments platform PayPal has filed a patent application for an NFT marketplace. Check out Meta’s new photorealistic metaverse avatars and, in other news, learn why Neal Stephenson’s metaverse blockchain
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PayPal Files Patent Application for NFT Purchase and Transfer
According to PayPal, its system could use any currency. The company has already added numerous blockchain-related features to its platform, including the MetaMask Wallet, PayPal USD, and Ethereum. Online payments giant PayPal Holdings Inc (NASDAQ: PYPL) has applied for a non-fungible token (NFT) marketplace to purchase and transfer NFTs, both on- and
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