Is PayPal a money transmitter?

Could you please clarify for me if PayPal can be considered a money transmitter? I'm curious about the legal and financial implications of this designation, as it may affect how I use the platform for my transactions. Does PayPal's role in facilitating the transfer of funds between individuals and businesses align with the definition of a money transmitter, and if so, what are the specific regulations and compliance requirements that PayPal must adhere to in order to operate as such?