PayPal BitLicense
PayPal’s New York BitLicense, from the NYDFS register.
- Legal name (NYDFS)
- PayPal, Inc.
- Approval
- BitLicense + money transmitter license
- Approved (as published)
- June 2022
- Status
- Active
- Approved activities
- buy, sell and hold certain cryptocurrencies, in partnership with Paxos (conditional licence)
PayPal, Inc. is licensed by the New York State Department of Financial Services (NYDFS) as a virtual currency business, since June 2022. NYDFS also lists it as a licensed money transmitter.
What NYDFS approved. Buy, sell and hold certain cryptocurrencies, in partnership with Paxos (conditional licence).
Questions
Does PayPal have a BitLicense?
Yes. NYDFS lists PayPal, Inc. as holding a virtual currency license, granted June 2022.
What does a BitLicense mean for customers?
A BitLicense is New York’s license for virtual currency business activity with New York residents, such as exchange, custody or transfer services.
Browse all firms in the NYDFS BitLicense list.
- Brand
- PayPal
- NYDFS announcement
- dfs.ny.gov
- Company website
- paypal.com
- NYDFS register
- dfs.ny.gov
- Sources
Source Link NYDFS register of virtual currency businesses https://www.dfs.ny.gov/virtual_currency_businesses PR dated October 21, 2020 https://www.dfs.ny.gov/reports_and_publications/press_releases/pr202010211
Source: the NYDFS list of regulated virtual currency businesses and NYDFS announcements, linked on each record. NY Presswire is not affiliated with NYDFS; the NYDFS register is the official record.