Nor is PayPal obliged to pay into deposit protection funds as EU banks are AFAIK... | Hacker News

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tannhaeuser on Sept 14, 2019 | parent | context | favorite | on: France and Germany Agree to Block Facebook's Libra

Nor is PayPal obliged to pay into deposit protection funds as EU banks are AFAIK. I think PayPal needs to start worrying about their standing in EU and becoming a collateral damage when France and Germany are on a roll to make a case for exercising currency sovereignty.

spiralx on Sept 14, 2019 [–]

I'm fairly certain that PayPal is registered as a bank here in the EU, possibly in Luxembourg. It couldn't operate how it does here otherwise.

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