Beginning October 1, 2023, PayPal has introduced its resolution to discontinue Bitcoin and different crypto purchases for its prospects in the UK. The digital funds large cites unclear crypto rules as the first motive for its resolution, because it seeks a greater understanding of the authorized framework governing cryptocurrencies within the UK. In line with the corporate, this may assist them mitigate operational dangers and align with regulatory necessities. Whereas present holdings can nonetheless be held, customers will not have the ability to purchase Bitcoin, Ethereum, and different digital currencies by the platform, which might doubtlessly affect the UK’s thriving crypto scene.