Revolut will suspend trading for UK business customers: report | Headlines | News | CoinMarketCap
12/19/2023 01:28
Come the new year, fintech firm Revolut will stop allowing UK business clients to buy crypto using its platform, according to a report in City A.M. …
Come the new year, fintech firm Revolut will stop allowing UK business clients to buy crypto using its platform, according to a report in City A.M.
While Revolut's UK business customers will be able to hold or sell crypto, they will not be able to purchase more, City A.M. reported, citing an email the outlet had seen.
Revolut is "suspending the services to give it more time to adjust to new requirements set by the Financial Conduct Authority in October," City A.M. cited the email as saying. Retail customers will be unaffected, while business customers lose their ability to buy crypto as of Jan. 3, according to the report.
"These requirements aim to enhance the customer journey and provide additional protection for new and existing investors of crypto assets,” Revolut said in the …