Revolut to Suspend UK Crypto Services, Citing FCA's New Ad Rules

Digital bank Revolut has said it plans to suspend some of its crypto services from its U.K. business clients in response to incoming new rules from the country's regulator, a person familiar with the matter told CoinDesk on Monday. The bank – which registered with the main digital asset regulator in the U.K., the Financial Conduct Authority, so it could offer crypto services in the country in September last year – has decided to pause its U.K. clients' ability to buy crypto via Revolut Business starting Jan. 3, 2024. The pause was put in place to give the company time to adjust its current business crypto offering to make sure all of the new requirements set by the U.K. regulator in the "back end".

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