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Despite the ongoing tumultuous market conditions, VC investments in European crypto startups hit an all-time high of $5.7 billion in 2022.
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Margrethe Vestager, the executive vice president of the European Commission, stressed the need to anticipate and plan for changes in technological advancements.
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Berliners could see the Bitcoin B projected onto the Berliner Fernsehturm tower on January 21.
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In an interview with Cointelegraph, the German politician explains why some forces in the European Parliament have suddenly come out in favor of a Bitcoin ban.
Blockchain in the EU healthcare report: 6 key takeaways
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The European Commission is looking for blockchain regulatory sandbox operator
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Inflation spikes in Europe: What do Bitcoiners, politicians and financial experts think?
Bitcoin‘s role as an inflation hedge is popular, with one expert stating that ”you don‘t need Bitcoin until you do.”
NFTs to help brewers and farmers preserve UNESCO Belgian beer heritage
As a part of the partnership, Zeromint will mint and offer exclusive NFTs on the GoChain blockchain, which will be made available for international beer fans via BBA.
PayPal To Facilitate UK Customers With Cryptocurrency Trading Feature
PayPal users with accredited identities will start accessing cryptocurrency trading soon. However, cryptocurrency transactions for its business account are not supported yet.
Starting from this week, U.K residents will have initial access to buying, holding, and selling cryptos via PayPal. This development will make a remarkable milestone for a firm that started providing digital asset services within one year.
PayPal is an American multinational financial technology company that operates an online payments system. It’s a global payment provider with services accessed in most countries that support online money transfers.
PayPal serves as an electronic alternative to traditional payment methods such as checks and money orders.
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On Sunday, the popular payment provider declared its intent to allow U.K customers access to cryptos. The cryptos are Ether (ETH), Bitcoin Cash (BCH), Litecoin (LTC), and Bitcoin (BTC). Of course, you can always access them via mobile app or website.
The Sunday announcement marked PayPal’s first expansion of crypto services outside the U.S and was initially launched last year November.
PayPal Aims To Boost Cryptocurrency Exposure In U.K.
Jose Fernandez da Ponte cited money digitization during COVID-19 as one of the main motivations for embracing crypto. Jose Fernandez is a high-ranked executive for PayPal’s cryptocurrency division. He added that;
“Our expertise on global digital payments provides us with the opportunity and responsibility of helping U.K. residents to explore cryptocurrency. This adds to our businesses and consumers knowledge combined with various security and compliance controls.”
By making its crypto services available to U.K. residents, the online payment giant plays a role in increasing the country’s cryptocurrency exposure.
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According to reports, the payment giant has the highest penetration among other European countries in U.K.with over 2 million active users monthly.
Rumors on PayPal’s crypto expansion proposal have been in circulation since the past month after Dan Schulman’s speech. Dan Schulman’s CEO had earlier informed investors on the soon coming PayPal services to the U.K. residents.
Reports further show that PayPal’s eye development in Defi is a precursor to integration plans in the future. The Financial Conduct Authority (FCA) on regulation in the U.K. goes down on some crypto exchanges. These are exchanges that have not met their registration demands.
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For example, FCA shuttered the operations of Binance U.K. after warning them against providing regulated trading activity in the country this summer.
PayPal’s da Pote Jose gave assurance that his company will keep working with U.K. regulators and others to roll out its cryptocurrency services.
Featured image from Pixabay, chart from TradingView.com