Payments company PayPal told the European Commission earlier this year that it is aggressively involved in cryptocurrency rooms.
- PayPal, in a letter sent to the European Commission on 20 March, had taken "unilateral and concrete measures" in the Crypto region.
- Leaks told CoinDesk in June that PayPal was planning to carry out cryptocurrency buying and selling services, but the firm declined to comment back then.
- PayPal 's message, guidance on how the European Union would help control the new asset class, said that it assumed that cryptocurrencies could solve the "pressure points" of the financial system.
- San Jose, California, a corporation that claims to have 300 million active users worldwide, said it joined the Facebook Libra Association in mid-2019 to learn about crypto and blockchain; it left the Organization in October.
- The payment giant recommended that the European Commission ensure that crypto-related practices fell within the limits of the current anti-money laundering legislation in the region.
- It also claimed that future European legislation would remain technically neutral.
