Some customers of financial technology company Revolut will no longer be able to purchase cryptocurrencies on the platform as of the new year.
According to information provided by City AM, Revolut Business customers in the United Kingdom will not be able to receive cryptocurrencies from the platform after January 3, 2024.
Customers will be able to continue holding and selling cryptocurrencies on the platform. The decision taken is Revolut’s individual customers It does not affect.
According to Revolut’s statement, the company made this decision to comply with the legal requirements set by the Financial Conduct Authority (FCA) in October.
These requirements will come into effect on January 8, 2024 for registered cryptocurrency firms in the country. The FCA will give companies some time to comply with the new rules.
Revolut, in the past Because of legal uncertainties It decided to stop its cryptocurrency activities in the USA.