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Cyprus Crypto Authorization Gives Revolut Green Light Across Europe

The financial regulatory agency of Cyprus has granted Revolut authorization, enabling the fintech firm to offer crypto services throughout the European Economic Area (EEA).
The Cyprus Securities and Exchange Commission (CYSEC) recognized the $33 billion-valued Revolut as a crypto-asset service provider (CASP), making it the first entity to earn one.
Sponsored SponsoredThe authorization will enable Revolut to offer crypto services to its 17 million customers in the EEA out of the island country.
By targeting scams, money laundering and other financial crimes in the crypto industry, MiCA is designed to provide great consumer protection.
Sponsored SponsoredIt would enable crypto services providers to offer their services across the EU with authorization from just one national authority.

Disclaimer: This story is auto-aggregated & summarized by a computer program and has not been created by TokenAround.

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