.jpg){kind=avatar}
The authorization will let the firm, which was valued at $33b in a recent funding round, offer crypto services to its 17m customers in the European Economic Area out of a new crypto-asset hub in Cyprus. Revolut said its choice was down to the sophisticated regulatory regime of the island country which has also attracted the likes of Crypto.com, eToro and BitPanda.
{
Revolut also confirmed that it will continue to serve U.K. customers from its U.K.-based entity. Its registration application with the U.K. Financial Conduct Authority (FCA) remains unresolved, with the firm able to offer crypto services there via the FCA's Temporary Registration Regime.
More posts by Sarah Wolter
Recent posts from News by FinTech Collective