[…] You must have those." Schulman said that the company invested a "tremendous amount" in regulatory compliance, noting that PayPal became the first firm to get a conditional BitLicense from regulators in New York. "We're doing this hand in hand with regulators, and it's the only way to go about doing this," Schulman argued. "Strong regulatory oversight is extraordinarily important, and I've got zero issue with that," the executive said. Schulman stated that PayPal has strong relationships with regulators because it aims to prevent illicit practices like money laundering while providing some degree of financial health. In October, PayPal officially broke the news on the company's plans to introduce the ability to buy, hold and sell a number of cryptos including Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH) and Litecoin (LTC) directly with the PayPal digital wallet. PayPal subsequently rolled out its crypto service in the United States, allowing clients to trade up to $20,000 per week.