Revolut gets the ok from the UK government, allowing it to operate without any special permission in the country.
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.Revolut was in compliance with amended regulations from 2017 on"Money Laundering, Terrorist Financing and Transfer of Funds.
However, following a crackdown in the country on Anti-Money Laundering, or AML, and Combatting the Financing of Terrorism, or CFT, requirements, many companies, including Revolut, were granted temporary registration status, allowing them to operate while seemingly waiting for full compliance.no crypto asset firms still operating under the FCA's temporary status. Revolut had been the last"holdout" out of the 12 companies originally granted temporary registration in March.
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