Revolut said it will no longer provide cryptocurrency services to UK corporate business clients in 2024.
The statement said that this measure is being introduced in connection with new requirements established by the Financial Conduct Authority (FCA). This break in serving Revolut Business UK customers will enable the company to more easily adapt to the updated FCA rules.
“This measure aims to improve the customer experience and provide additional protection for new and existing Revolut Business investors. We will have to adjust our current business cryptocurrency offering to ensure compliance with any new FCA requirements in the future,” the company said.
The restrictions do not apply to private investors, who will continue to be able to store or sell crypto assets.