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A comment on France and Germany Agree to Block Facebook's Libra. Parent comment

Re:France and Germany Agree to Block Facebook's Libra by pjc50 on Saturday September 14, 2019 @10:48AM (#20971120)
Not really a bank-to-bank system; money doesn't instantly arrive at the recipient's bank account and paypal's ability to withhold it is notorious.
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Re:France and Germany Agree to Block Facebook's Libra by tannhaeuser on Saturday September 14, 2019 @11:54AM (#20971598)
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.
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Re:France and Germany Agree to Block Facebook's Libra by spiralx on Saturday September 14, 2019 @01:57PM (#20972536)
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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