Revolut gets regulatory approval to offer crypto services to its 17 million European customers
After announcing plans to grow its cryptocurrency workforce with, among others, employees in Europe, challenger bank Revolut has received regulatory approval to offer crypto services to millions of its users in Europe. Indeed, the Cyprus Securities and Exchange Commission (CYSEC) has made the United Kingdom-based neobanking platform Revolut its crypto-asset service provider (CASP), the bank said on August 12, CoinDesk reported.
This way, the bank can now set up its European hub in Cyprus and offer additional crypto services, and exposure to crypto assets like Bitcoin (BTC) to its 17 million customers in the European Economic Area (EEA) after the Markets in Crypto Assets (MiCA) bill is enforced. Meanwhile, Revolut is planning to increase its crypto workforce by 20%, with employees in Europe, the United Kingdom, and the United States over the next six months.
Source
https://t.me/DeFi_Ethereum
