Revolut, one of Europe’s most popular digital banks, has obtained a Markets in Crypto-Assets (MiCA) licence from the Cyprus Securities and Exchange Commission (CySEC). The licence could allow Revolut to provide and market crypto-asset services across all 30 markets in the European Economic Area (EEA) under the MiCA legislation, through a provision known as “passporting,” though it could still need to undergo additional scrutiny from individual EU states. In addition, Revolut announced it is set to launch ...

By Elizabeth Howcroft PARIS (Reuters) -British finance app Revolut has been granted a licence by Cyprus that will enable it to continue to target crypto-related services to grow its business, the company said on Wednesday, revealing that one fifth of its customers trade cryptocurrency. Crypto has been one of the driving forces in the rapid growth of Revolut, which last month started a secondary share sale at a $75 billion valuation. At least 14 million of Revolut's more than 65 million customers - 22% - ...

Fintech major Revolut has received a Markets in Crypto Assets (MiCA) license from the Cyprus Securities and Exchange Commission (CySEC), allowing it to provide regulated crypto services across all 30 countries in the European Economic Area (EEA). Revolut, which serves more than 65 million customers globally, said the authorization cements its compliance-first approach to crypto in an emailed announcement on Thursday. The company plans to roll out “Crypto 2.0,” an expanded platform featuring more than 280 ...

U.K. fintech Revolut has hit yet another roadblock to its longstanding mission of becoming a real bank in its home country: Its full banking license is being held up because the country’s central bank is concerned about whether the startup can maintain its risk management controls in the face of its blazing fast international expansion, the Financial Times reported. The Bank of England wants Revolut to commit to building its risk management stack to match its international growth before the regulator can ...