MASRegulated
Singapore Crypto Asset Exchange License (CEX)
Revolut
Regulated in Singapore
Crypto Asset Exchange License (CEX)
Basic Information
Country/RegionUnited Kingdom
Exchange AbbreviationRevolut
Company NameRevolut Digital Assets Europe Ltd
Operating Period5-10 years
Websitehttps://www.revolut.com/
Exchange TypeCentralized Exchange
RiskNotice
1 risk alerts
CYSECRegulated
Cyprus Crypto Asset Transfer License (MTL)
FCAActive
United Kingdom Virtual Asset Service Provider (VASP)
AUSTRACActive
Australia Virtual Asset Service Provider (VASP)
Exchange Overview
Exchange Overview
Exchange money with no hidden fees. Buy crypto, gold and manage your money with spending analytics.
Business Region
InfluenceAAA0
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News
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Binance Iran Investigation: VIP Controls, 21 Accounts and $850M in Trades
The most revealing detail in the latest reporting on Binance and an Iran-linked payment network is not the $850 million headline. It is the approval process investigators reportedly faced when they wanted to remove a valuable customer. In an October 9 investigation, The Wall Street Journal described a Binance customer who received preferential service and lower fees while internal investigators were examining suspicious activity. The customer, identified as Sukhrob Oimakhmadov, was linked by the reporting to a cryptocurrency business associated with Babak Zanjani, an Iranian financier whom U.S. and Israeli authorities have connected to a sanctions-evasion network. According to the Journal, red flags included transactions involving an Iranian money changer and an account repeatedly accessed from Tehran. U.S. and Swiss authorities also made inquiries. But the customers high-value status meant internal investigators needed senior approval to remove him, the newspaper reported, citing Binance records. That is a specific control-design problem. A risk team may be able to detect activity and still struggle to stop it if the authority to restrict a lucrative account is buried in a commercial escalation process.What the $850 million actually describes The scale of the network was reported before this latest account of its internal handling. An earlier Journal investigation
Revolut wins conditional OCC approval – What it means for EURR and crypto
In a recent turn of events, the Office of the Comptroller of the Currency (OCC) has given Revolut a preliminary green light to establish a national bank. This in turn would allow the firm to build and operate its own banking infrastructure under U.S. federal banking supervision. However, the approval is not yet the final authorization to start banking operations. Going forward, Revolut still has to satisfy the OCCs conditions and obtain approvals from the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve. Still celebrating this milestone, Revolut Founder and CEO Nik Storonsky said, Conditional OCC approval is an important first step towards establishing the proposed Revolut Bank US. It gives us the foundation to build in the worlds largest financial market and bring the full Revolut experience to millions of Americans. Needless to say, this is good news for the crypto industry because Revolut has also launched its euro-backed stablecoin, EURR. And now, with OCCs green light, more crypto initiatives might come in. Though EURR has drawn mixed reactions, this is just the start. Why not all approvals are good news？ That said, Revolut is not the only one riding this boat. As over the past year, the OCC has conditionally approved national trust
Revolut clears the OCC but still faces FDIC and Fed review
Revolut passed one of three federal hurdles Thursday as the Office of the Comptroller of the Currency approved a conditional US national bank charter. The fintech cannot open until the FDIC and Federal Reserve also provide their approval. The company states that this step is still more than a year away, with a launch planned for the first half of 2027. Three signatures stand between the charter and deposits On September 3, the OCC declared its decision to approve Revoluts application to charter an entity called Revolut Bank US, N.A. However, this bank is not yet authorized to accept deposits. Revolut still needs to satisfy conditions set by the OCC, secure FDIC deposit insurance and the Feds approval, and then return to the OCC for final approval. Revolut said it began working on the charter process with its application in March. “We‘re grateful for the OCC’s open and transparent dialogue throughout this process,” Revolut US CEO Cetin Duransoy said. The timetable keeps the firm “on track for a 2027 launch of our proposed national bank,” he said. The proposed bank would be in Stamford, Conn., have about $95 million in initial capital and hire about 160 people when it is operational. Revolut currently reaches American customers through