Blockchain.com gets regulatory nod from Singapore’s central bank
FCA green lights Revolut, making no UK crypto firms operating under temporary status
The United Kingdom’s Financial Conduct Authority, or FCA, has added cryptocurrency-friendly payments app Revolut to its list of companies authorized to offer crypto products and services in the country. In a Monday update to its list of registered crypto asset firms in the U.K., the FCA showed Revolut was in compliance with amended regulations from […]
UK regulators target Revolut for ‘material misstatement’ in audit: Report
The United Kingdom’s Financial Reporting Council has reportedly found flaws in the audit of cryptocurrency-friendly payments app Revolut tha included an “unacceptably high” risk of “material misstatement.” According to a Monday report from the Financial Times, the U.K. Financial Reporting Council criticized the results of a Revolut audit released July by accountancy and business advisory […]
Revolut app announces Bitcoin withdrawals… within limits
Europe’s leading financial app Revolut has finally enabled Bitcoin withdrawals four years after it first provided crypto trading services to some users, and a year after it extended trading to all 7 million users worldwide. Revolut first added Bitcoin, Litecoin, and Ethereum trading for premium users back in 2017, however they have only been able […]
FCA releases detailed 5-point plan to make UK a fintech powerhouse
Upon the announcement of the United Kingdom budget for 2020, Chancellor Rishi Sunak commissioned Ron Kalifa to conduct an independent review of the U.K. fintech sector. On Friday, eight months later, the FCA published the 108-page report, and it contains multiple clear guidelines aimed at cementing the U.K.’s position as a fintech powerhouse. Over $95 […]
Crypto-friendly app cautions users to 'reassess' XRP holdings
Revolut, a crypto-friendly trading app, is reportedly issuing a strong warning to its customers regarding buying and selling XRP. According to news outlet The Irish Times, the FinTech firm recently sent out a notice to its customers saying it was still possible for the firm to delist or restrict trading on XRP with little or […]