Revolut will suspend operations with cryptocurrencies in the United States
Date: 2023-08-07 Author: Karina Ziganova Categories: CRYPTO PAYMENTS, IN WORLD
Revolut has stated that from October 3, customers in the United States of America will not be able to access crypto assets through their platform due to regulatory uncertainty, according to Decrypt.
Starting September 2, US customers will not be able to buy cryptocurrencies through Revolut. However, they will be able to sell crypto assets for another 30 days, according to a letter received by users from the United States.
The company emphasized that the termination of access to the purchase of cryptocurrency through Revolut for US customers does not affect users outside the US.
“Less than 1% of Revolut’s crypto customers worldwide are affected by this decision. Bank customers in all other markets can continue to register and use our crypto services,” a Revolut spokesperson said in an email to CoinDesk.
Recall that on June 27, Revolut announced a reduction in trading fees for operations with cryptocurrencies. Three days later, it was reported that the fintech firm would stop supporting three tokens - ADA, MATIC and SOL, due to the fact that the SEC designated these assets as securities in a lawsuit against the Binance exchange.
