Regulators Warn Banks to End Business with PayPal!

The post Regulators Warn Banks to End Business with PayPal! appeared first on Coinpedia Fintech News

Banking regulators have recently warned banks to cease all business dealings with PayPal. The warning comes after regulators found that PayPal has not been compliant with certain regulatory standards, including those relating to anti-money laundering policies. The regulators have given banks a deadline to stop providing services to PayPal, although it is unclear what actions will be taken if banks do not comply. PayPal has stated that it is confident it will be able to resolve the issue with regulators and continue business as usual, but has not provided any further comment on the matter.