What’s Shaping Crypto in Europe?

The latest reports of Revolut limiting its crypto offerings to UK businesses raised many questions about Britain’s plan to embrace the digital currency industry. Meanwhile, with its incoming Markets in Crypto-Assets (MiCA) Regulation, the neighboring European Union is attracting many international crypto companies.

Although Revolut did not come up with any official confirmation, City A.M. cited an email from the fintech firm to report that it would pause the ability to purchase crypto for its business-to-business customers on Revolut Business.

Revolut confirmed the report’s authenticity: “These requirements aim to enhance the customer journey and provide additional protection for new and existing investors of crypto assets. As a result, we’ll need to adjust our current Business crypto offering to make sure all of the new requirements are met.”

The fintech
Fintech

Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl

Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl
Read this Term firm did not detail the circumstances behind the decision, but the report described that it was to align with the incoming requirements of the Financial Conduct Authority (FCA
Financial Conduct Authority (FCA)

The Financial Conduct Authority (FCA) is the largest financial regulator for all financial markets in the United Kingdom (UK).The UK regulator is responsible for the conduct of firms authorized under the Financial Services and Markets Act 2000. Moreover, the FCA is also responsible for the regulation of…