PayPal's executives expect their new cryptocurrency service to expand rapidly in 2021 and will increase buying limit to $15k/week for 'eager customers.'

The Digital Asset Compliance and Market Integrity Summit (DACOM) continues on November 5 at 9 am EST / 2 pm GMT with a live panel featuring some of the most prominent digital asset practitioners who will explore the data, regulatory and technological challenges associated with the race to a crypto ETF.

The European Central Bank (ECB) has asked the public to comment on the development of a digital euro, including the use of a decentralized Euro.

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Top stories in the Crypto Roundup today:

• PayPal Raises Crypto Buying Limit to $15K/Week for ‘Eager’ Customers
• Hear industry experts discuss the journey to a crypto ETF at DACOM
• European Central Bank Floats Possibility of Decentralized Digital Euro
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PayPal Raises Crypto Buying Limit to $15K/Week for ‘Eager’ Customers

PayPal's executives expect their new cryptocurrency service to expand rapidly in 2021 and will increase buying limit to $15k/week for 'eager customers.' This increased buying limit includes crypto services coming to Venmo and international customers in the first half of 2021, PayPal CEO Dan Schulman said.

Currently, only 10% of customers in the U.S. have access to the new crypto service with the rest of the U.S. gaining access to the tools in the next two to three weeks, Schulman said. PayPal saw enough interest following its Oct. 21 announcement that the firm has increased weekly crypto purchase limits from $10,000 to $15,000.

Hear industry experts discuss the journey to a crypto ETF at DACOM

The Digital Asset Compliance and Market Integrity Summit (DACOM) continues tomorrow at 9 am EST / 2 pm GMT with a live panel featuring prominent digital asset practitioners who will explore the data, regulatory and technological challenges associated with the race to a crypto ETF.

Register now to hear our own James Harris - Commercial Director of CryptoCompare, moderating a discussion with Gabor Gurbacs - Director, Digital Assets Strategy of VanEck, Martin Liebi - Head of Capital Markets & Regulation of PwC, Simon Karaban - Senior Vice President of Singapore Exchange (SGX) and Deborah Fuhr - Managing Partner & Founder of ETFGI on the challenges and opportunities of digital asset ETFs and global regulated growth.

DACOM (now digital for 2020) is proudly brought to you by Solidus Labs and CryptoCompare in partnership with Global Digital Finance.

European Central Bank Floats Possibility of Decentralized Digital Euro

According to a series of tweets published by ECB President Christine Lagarde, the E.U.’s central bank is looking for feedback on a digital euro. Lagarde said the bank was exploring the possibility of launching a digital form of the currency to keep pace with an increasingly digital world. 

The ECB president linked to an open survey on the development of the euro, which including a question that asked participants whether they would prefer a digital euro that did not need any intermediaries. 

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