PayPal confirms it is seeking to enter the crypto market

  1. Establish clear definitions for assorted crypto activities to encourage integral licensing and regulatory standards. If one of the primary benefits of crypto is transparency, this aspect cannot be overlooked, it argued.
  2. Following on from the first point, PayPal advocates that similarly stringent AML/CFT measures be introduced on a national and supra-national level.
  3. With the tech sector evolving fast, the company posits that regulatory frameworks should maintain a neutral status to allow innovation and fair competition to flourish. Doing so is likely to accelerate the increasing sophistication of underlying crypto tech.

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