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IIRC, PayPal has a banking licence in Europe and as such is regulated by Luxembourg's supervisory authority. It's strange, given the nature of PayPal's services
by Silhouette 8y ago
IIRC, PayPal has a banking licence in Europe and as such is regulated by Luxembourg's supervisory authority. It's strange, given the nature of PayPal's services, that it hasn't yet been deemed to be a bank or the equivalent in other places as well though.