Revolut's Crypto Suspension: Adapting to UK Rules Turbulence
Revolut halts UK crypto services in compliance with new rules; industry trend sees companies adapting to regulatory changes.

Revolut halts UK crypto services in compliance with new rules; industry trend sees companies adapting to regulatory changes.
Revolut's former VP, Hannes Graah, launches Zeal in 2022, a Galaxy-backed digital wallet prioritizing security. Currently invite-only, Zeal plans an official Q1 launch, aiming to stand out with advanced security measures and free USDC stablecoin transfers. Backed by investors like Galaxy and Framework, Zeal, with a team from Revolut, Coinbase, and Spotify, emerges as a noteworthy player in the evolving digital wallet landscape.
Revolut is set to bring on over 1,000 new team members this year, with nearly 40% of these roles allocated to the United Kingdom.
The removal of its iOS and Chrome Extension wallets from the market is scheduled for November 1, 2023, although customers will still be able to access their wallets until October 1.
Digital bank Revolut recently filed its accounts for 2021 after a lengthy delay, posting its first full-year profit.
Contrary to certain rumors, Trust says user funds cannot be pilfered by merely taking a picture of its wallet’s screen.
Pay with Crypto is a service offered by Revolut that gives users a 1% payback in cryptocurrency for purchases made using any of the almost 100 supported tokens.
Per a report from Atlfi, fintech company Revolut will be able to offer more crypto products to its customers. The ...
Revolut has launched a cryptocurrency service in Singapore. Many firms have depicted unwavering belief in the market despite the downturn. ...
Revolut has entered the crypto educational sector with a new initiative designed to foster “financial literacy.” The program, which will ...