PayPal Clients Receive Dubious Cryptocurrency Warnings

post image

Last week several PayPal clients complained both online and to the media about receiving emails, which looked like official ones from the company, containing a warning concerning the trade of cryptos.

In particular, all the users were asked to stop buying, selling, or transmitting cyber money with PayPal account as that was, according to the letter, forbidden by the operating payment system.

Therefore, some PayPal clients turned to the official representatives of the company (customer support service) and demanded an explanation of the email restrictions. Surprisingly, PayPal reps officially disclaimed the anti-crypto e-letter.

One user’s evidence

In the News.Bitcoin.com article, one of PayPal users – David Veksler, who has been using PayPal services for more than 15 years, – informed about a strange letter that he received to his email.

According to his words, the letter looked very much like an official one. In it, it was said that PayPal “prohibits” any actions related to cryptos, which are tabooed “under our Acceptable Use Policy.”

Also, in this message, the unknown sender asked PayPal clients to stop any of those crypto activities.

Source: news.bitcoin.com

Notably, according to the article, similar complaints have been expressed by PayPal users on Reddit and other forums, making the whole picture look suspicious.

PayPal’s reaction

In its turn, PayPal has not officially referred to the issue as of writing. However, Veksler turned to customer support for confirmation of the letter, and he was told that it was forged.

At the same time, PayPal’s user emphasized that the e-letter looked real from the presentation part to digital signatures. But according to Veksler’s words, PayPal’s rep confirmed that the email address from which the letter was sent, does not belong to the company.

Another suspicious issue is that Veksler, who received the anti-crypto email, claimed that he had never had in his life any involvement into the crypto business.

Quick Look At All Crypto News And Events For November 2020
Were you too engrossed in trading left and right that you’d completely spaced on getting your monthly update of the latest events in the crypto world? Well,...
Bitcoin Era Success Story: Teen Hits Jackpot With Crypto Trading
17-Year Old Hits The Jackpot With Cryptocurrency Trading Venture The news media has been swept up in a tornado with the latest news of a 17-year-old boy...
Keep Up With October Crypto Events Checking Out This Quick Roundup
Top Crypto Market News Of October You Should Catch Up With Do you think the world is turning more crypto-crazed day by day? There’s no limit to your investments...
A Collection Of Fresh Crypto News For Those Who Missed Out
The Major Roundup On The Latest Crypto News In The World The last month has been full of events and brought even more pressure on local business pretty...
What Everyone Should Know About Tokenization
Blockchain tokenization is a means of digital representation of a right and can be done with the help of a ledger. This can be a right to asset ownership...
What To Expect From A Cryptocurrency Market In 2020
Crypto market has always been a good target for speculation, shady schemes, and "bad guys". It's also very controversial, especially for financial markets...
Ethereum Foundation Confirms Upcoming ‘Istanbul’ Upgrade
On November 7th, Péter Szilágyi announced the date of the foundations impending upgrade, known as ‘Istanbul’. This upgrade will be the eighth hard fork...
Bitcoin’s Volatility? In 2017 BTC Was More Stable Than In Its Early Days
Despite some 30% crashes in 2017, bitcoin managed to increase by total 1,400% last year, conquering the world’s financial stage. Banks are becoming more...
Stablecoin - Everything You Need to Know
What Is A Stablecoin? You must have heard of cryptocurrency which has been the recent talk of the town. Well, stablecoins are a form of cryptocurrency....
Influence of Recent Cryptocurrency Boom: Does It Still Hurt?
Crypto Exchange Gate.io Agrees With Reports Showing 51% Attack On Ethereum Classic Bitcoin is a decentralized digital currency (also known as cryptocurrency)....
What is a Security Token?
Security tokens became very popular, but do you really know what is STO?STO is Security Token Offering, which is identical to an ICO. In this, there are...
Canada Reports Blockchain To Be Amongst Its Highest Paying Industries
A report recently published by the Canadian Digital Chamber of Commerce proves that the money involved in the blockchain industry of the nation is at the...
Cryptocurrency Exchange Security Levels
The growing interest in cryptocurrencies has led to the emergence of a wide selection of both digital money and the sites where you can exchange one cryptocurrency...
Belarusbank Considers Setting Up Crypto Exchange
Last year March Belarus introduced a decree by which it legalized cryptos and some activities related to them. This made Belarus a frontrunner in the race...
Gold Pulls Bitcoin Investors From BTC, Says Van Eck Associates CEO
In 2017-2018 bitcoin bit gold as bait for investors. However, the situation is expected to change in 2019 as investors already hope more for the gold than...