UK PayPal Crypto Wallet coming soon with possibility to withdraw to Crypto Wallet?

[SquirrelOG]

It appears soon PayPal UK will also have options to buy some Crypto just like how the US PayPal is currently able to do so.
At the moment the US PayPal say soon, users will be able to withdraw this Crypto to a destination of their choice, such as their personal Binance Wallet.

This to me is very interesting, because lets say you have a lot of money in various PayPal accounts. You convert it all into Bitcoin on PayPal and then withdraw it all to the same Wallet on Binance. If its possibe to do this with no problems then wouldn't that make it easy for people to just launder their PayPal money?

Especially if you go and live on an island where its baiscally free to withdraw the Crypto to avoid any heavy taxes. Lol! But even without withdrawing it, Crypto payments is starting to become more popular anyway.

Not talking about me by the way, this is all hyperthetical.
But any Thoughts, comments would be interesting. thanks

[slokor]

Im quite certain it wont be all that easy.
You can count on there being MASSIVE amounts of verification involved in anything that has to do with crypto - especially when it comes to higher dollar amounts.

[james_112233]

One thing for sure HODL that bitcoin because the price is only going one direction and that's to the moon and beyond.