Home > Quick > Body

Crypto-friendly bank Revolut receives UK banking license

clock
2024-07-25 09:05:00
Revolut, a crypto-friendly bank, has been granted a banking licence in the UK after more than three years of application. Revolut said the London-based company had entered the "mobilisation phase" of the Prudential Regulation Authority (PRA), which aims to allow new banks to operate under restrictions. The approval means Revolut is on the verge of becoming a full-fledged bank in the UK, while also being authorised to provide cryptocurrency services.
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
New Tab Page - Desk3 | Plugin
Stay ahead of the game in the cryptocurrency space.