Revolut Receives UK Banking License to Offer Cryptocurrency Services
July 25 - Crypto-friendly bank Revolut has been granted a banking license in the U.K., more than three years after applying for one.Revolut said Thursday that it has entered the U.K. Prudential Regulation Authority's (PRA) “mobilization stage,” designed for new banks to operate under restricted circumstances.
The approval means Revolut is becoming an established bank in the UK and is licensed to offer cryptocurrency services. Revolut has been allowing the buying and selling of cryptocurrencies for several years and earlier this year launched a standalone cryptocurrency trading platform for experienced traders.
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
Pons: $20.93 million has been paid to token creators over the past 47 days
XRP’s Crazy August Is Almost Over – September Could Be Even Bigger
Crude oil is "coming back", but refined oil is "not coming back"; the global refining gap is widening.
According to Goldman Sachs, global refined oil exports have declined by about 6 million barrels per day year-on-year, with the Gulf region and Russia contributing three-quarters of the decrease. Unlike crude oil, which can be rerouted, damaged refineries cannot be relocated, and the Gulf region's refined oil exports have only recovered to 40% of pre-war levels. Goldman Sachs expects global refinery utilization rates to recover only by the second half of 2027; based on this, it has more than doubled its forecast for diesel profit margins in 2027.
Data: Detected an outflow of 35.11 million USDT from a certain exchange
Crypto prices
More
