Revolut has obtained a MiCA license in Cyprus, allowing it to expand its regulated cryptocurrency services throughout the European Union. This development marks a significant step for the fintech company as it enhances its regulatory compliance in the growing crypto market. By securing this license, Revolut aims to offer a broader range of services, including the buying, selling, and holding of cryptocurrencies, in accordance with EU regulations. The MiCA framework is designed to provide a consistent regulatory environment for crypto assets across member states, facilitating easier access for consumers and businesses. This move aligns with Revolut’s strategy to strengthen its position in the crypto sector and ensure adherence to European financial standards.
