Revolut to suspend cryptocurrency services in US

Cryptocurrency-friendly trading neobank Revolut is wrapping up its crypto services in the United States amid the ongoing regulatory uncertainty.

Together with its U.S. banking partner, Revolut will be working to suspend access to crypto through its platform starting from Sept. 2, 2023. The firm then will completely shut down crypto services on Revolut on Oct. 3, a spokesperson for the online bank said, adding: The Revolut representative emphasized that the decision to leave the U.S. market will impact “just 1%” of the company’s global crypto customers. The representative also stressed that Revolut will continue to operate its non-crypto business in the United States.

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Source: CNBC - 🏆 12. / 72 Read more »