PayPal Starts Cracking Down On Bitcoin

“In a strange move, online payments provider PayPal has started banning accounts of people who sell anything Bitcoin related using its payment gateway, according to a post on BitcoinTalk. In this particular case however, there was no actual transfer of Bitcoin involved. A BitcoinTalk member sold Casascius coins, physical coins that can be used to store Bitcoins, on eBay. Casascius no longer come with Bitcoin stored in them after US Treasury Department action in December 2013. The seller tried to point out that he was only selling items which eBay, the parent company of PayPal, had permitted him to.”

http://www.medianama.com/2014/02/223-paypal-bitcoin-crackdown/

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