recent security measure meant it would be blocked by default for your account, you need to open a support ticket or just call it takes 5 minutes and you will be able to cash out paypal to bank AC or CC.
Calling in not working as their call meters closed. I did try a US account and got the error also. It said something about regulations require them to block some transactions. Maybe it’s something. On PayPal end that needs verification, but I am not getting an explicit indication of such. But glad to know it works though.