Paypal is *very specifically not a bank* and *does not have to follow banking re... | Hacker News

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		mrguyorama 3 months ago \| parent \| context \| favorite \| on: PayPal to support Ethereum and Bitcoin Paypal is very specifically not a bank and does not have to follow banking regulations

lucb1e 3 months ago [–]

https://en.wikipedia.org/wiki/PayPal#Regulation

Paypal was granted a banking license seventeen years ago. This has made a lot of people very angry and been widely regarded as a bad move.

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