Revolut has been accepted on the Financial Conduct Authority (FCA)’s register of crypto asset firms.
In Brief:
The company has been offering buying and selling services in the UK under a temporary waiver this March.
It now has achieved full authorisation, having been offering crypto trading since 2017.
The FCA offered a temporary waiver while full authorisation was pending.
What does this mean?
Reportedly, anti-money laundering has been causing the hold up, with issues now presumably resolved given the FCA has processed the full licence. Revolut is still waiting for approval for a banking licence here in the UK.
