By Elizabeth HowcroftLondon (Reuters) – UK customers will stop buying cryptocurrencies from October to comply with new rules on promoting cryptocurrencies. Consumers including risk warnings and “refer a friend” bonuses for crypto companies. Temporarily suspend customers’ ability to purchase cryptocurrencies on its platform effective October 1. 8, customers were notified on Tuesday. The company said it expects to resume operations in “early 2024.” “PayPal continues to work closely with regulators around the world to comply with applicable rules and regulations in the markets in which we operate,” the company said in an email to customers. A copy of it was shared with Reuters. Customers can hold and sell their cryptocurrencies “at any time,” the company said. Buying and Selling Cryptocurrencies in the UK in 2021 The collapse of many cryptocurrency companies last year, including FTX, left amateur investors facing huge losses.
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