Revolut: Fintech receives MiCA license and launches crypto platform

Revolut has received a MiCA (Markets in Crypto-Assets Regulation) license from the Cyprus Securities and Exchange Commission (CySEC). This allows the company to offer regulated crypto services in all 30 markets of the European Economic Area (EEA).
The move accelerates Revolut's expansion into the crypto market, as the fintech is currently preparing to launch its “Crypto 2.0” platform, which will offer access to over 280 tokens and fee-free staking with returns of up to 22 percent.
“This approval enables us to offer groundbreaking crypto products with increased transparency and trust for our growing customer base, while reaffirming our commitment to crypto as an asset class,” said Costas Michael, CEO of Revolut Digital Assets Europe.
The MiCA license allows Revolut to market its full range of crypto products under the existing regulatory framework. The company, which serves more than 65 million customers worldwide, including 40 million in Europe, will use the license to expand its crypto trading, staking, and stablecoin offerings.
Meanwhile, Wall Street giant T. Rowe Price filed for its first crypto ETF. The US asset manager could thus inject billions into the altcoin market.

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