Breaking 🚨: Revolut Ceases Cryptocurrency Services in the United States
Effective October 3, Revolut, a leading fintech firm headquartered in the UK, will cease all cryptocurrency-related services for its clientele in the United States.
The decision comes in response to the escalating intricacy and unclear nature of the US regulatory landscape concerning cryptocurrencies. The company’s decision shocked the banking world, as many saw Revolut’s services as a pioneering push into cryptocurrencies for the general market.
According to the announcement, the suspension of purchasing cryptocurrencies will begin on September 2, followed by a cessation of selling and holding digital assets from October 3.
