Revolut Temporarily Halts Crypto Services in UK Ahead of New Advertising Rules
Revolut, a fintech company offering online banking services, has temporarily suspended its crypto services for UK customers in preparation for upcoming advertising rule changes by the Financial Conduct Authority (FCA). Starting January 3, 2024, digital asset traders in the UK will no longer have access to Revolut's business platform. However, customers can still sell and store their crypto holdings on the platform without restrictions. Revolut's decision is in line with other companies, such as Bybit and Binance, who have also exited the UK market due to the new advertising laws.
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
Australian Court Overturns License Ruling Against Block Earner, Sides with Fintech in Landmark Crypto Case
In a significant legal win for Australia’s crypto and fintech industry, the Federal Court has overturned a previous ruling that required digital finance firm Block Earner to obtain a financial services license for its discontinued fixed-yield crypto product.
Symbiotic Raises $29 Million to Build Universal Staking Coordination Layer
Symbiotic, a decentralised finance (DeFi) protocol, has secured $29 million in a funding round led by Paradigm and cyber.Fund.
Bitcoin Surpasses Amazon, Approaches Google’s Market Cap
Michael Saylor Backs New SEC Chair for Bitcoin Growth
Trending news
MoreCrypto prices
More
