Photo: finance.yahoo.com
Revolut Gains MiCA Licence, Set to Launch Crypto Services Across Europe
Revolut has secured a MiCA licence from the Cyprus Securities and Exchange Commission, allowing the fintech company to expand its cryptocurrency services across the European Union.
- On Wednesday, Revolut announced it received a MiCA licence from the Cyprus Securities and Exchange Commission, enabling its crypto services rollout in the European Economic Area.
- The CEO of Revolut Digital Assets Europe, Costas Michael, emphasized that the MiCA licence is essential for the companys ambitious future plans in the cryptocurrency sector.
- This regulatory approval aligns with the European Unions efforts to create a comprehensive framework for cryptocurrency, promoting innovation while ensuring consumer protection.
Why It Matters
The approval of Revoluts MiCA licence marks a significant step in the European Unions regulatory landscape for fintech and cryptocurrency, which could inspire other companies to seek similar opportunities in a rapidly evolving market.