Revolut announces it will suspend some cryptocurrency services in the UK due to new UK encryption regulations
According to CoinDesk's report on December 19, digital bank Revolut plans to suspend some cryptocurrency services in its UK business due to new regulations issued by the country's regulatory agency.
Revolut is registered with the UK Financial Conduct Authority (FCA) to provide cryptocurrency services in the country. The bank has decided to suspend the ability of its UK business customers to purchase cryptocurrency through Revolut Business from January 3, 2024. The report states that customers in the country will still be able to hold and sell cryptocurrency.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Will Bitcoin Reach $105K? The Potential Impact of Liquidity Injections on Bullish Surge
Exploring the Potential Influence of Global Liquidity on Bitcoin's Ascension to a New High
Leverage-Driven Pump: How Bitcoin Long Traders Could Become Trapped
Unpacking the Perils and Potential of Leverage-Driven Bitcoin Pump for Long Traders
Despite Bitcoin’s Decline, Tom Lee Maintains BTC Will Still Be the Year’s Best Bet
Trending news
MoreCrypto prices
More
