On 1 October 2023, PayPal will temporarily pause the ability for UK customers to buy crypto on our platform. We expect to re-enable crypto purchases in early 2024.
Your crypto remains safe. You can keep it on our platform at no charge. You can also sell your crypto at any time.
We’re taking this measure in response to new rules enacted by the UK Financial Conduct Authority (FCA) that require crypto firms to implement additional steps before customers can purchase crypto. While we work to satisfy these new regulations, you won’t be able to buy crypto using PayPal.
We remain deeply committed to our compliance obligations and PayPal consistently works closely with regulators around the world to adhere to applicable rules and regulations in the markets in which we operate.
We apologise for the inconvenience. We will let you know when we have implemented the required changes to the crypto experience.
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