If closing the month of October the price action looked set to continue rising, the first day of November confirms that hypothesis as the Bitcoin price action continued to rise and surpassed the $35.00 barrier, suggesting that the price will continue to rebound in an uptrend.
However, while the price action of cryptocurrencies bounces upwards, companies related to exchange platforms continue to bet on offering services within the cryptocurrency market, for example, the giant PayPal will offer legal cryptocurrency services in the United Kingdom.
In that sense and according to Helen Partz, "Global payments giant PayPal has received approval from the Financial Conduct Authority (FCA) to offer cryptocurrency services in the United Kingdom."
According to Partz, "PayPal became the fourth company to receive cryptocurrency registration from the FCA in 2023, following Interactive Brokers, Bitstamp and Komainu. The license acquisition comes shortly after PayPal briefly suspended the ability of its UK customers to buy cryptocurrencies such as Bitcoin in early October."
An interesting tidbit is that namely "the UK is the largest cryptocurrency country in terms of gross transaction volume in Central, Northern and Western Europe. According to a study by crypto tax platform Recap, London was the world's most cryptocurrency-ready city for business in February 2023"
SOURCES CONSULTED
Cointelegraph. PayPal scores UK crypto license after brief local Bitcoin buy halt. Link
OBSERVATION:
The cover image does not belong to the author: 
, the image was taken from: Cointelegraph
, the image was taken from: Cointelegraph
