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Revolut Awarded With Crypto Authorization From Cyprus Regulator

Digital banking platform, Revolut has been awarded authorization by the Cyprus Securities and Exchange Commission (CYSEC) to expand its crypto services across the European Economic Area (EEA).
According to a new report, Revolut has become the first entity to be awarded crypto-asset service provider (CASP) from the regulator of the island country.
Cyprus’ Crypto AuthorizationWith the new authorization, the company will be able to offer crypto services to its 17 million customers in the EEA region from the newly developed hub in Cyprus.
Revolut emphasized that it chose Cyprus after surveying other EU countries.
In establishing a hub for our crypto operations in the EU, we recognize that CYSEC has in-depth knowledge of crypto and its efforts to be a leader in crypto regulation.”In addition to Cyprus, Revolut also acquired crypto authorization from the Spanish Central Bank and the Monetary Authority of Singapore (MAS).

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


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