{"id":34838,"date":"2024-07-25T11:54:16","date_gmt":"2024-07-25T11:54:16","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/revolut-secures-uk-banking-license\/"},"modified":"2024-07-25T11:54:16","modified_gmt":"2024-07-25T11:54:16","slug":"revolut-secures-uk-banking-license","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/revolut-secures-uk-banking-license\/","title":{"rendered":"Revolut secures UK banking license"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/07_Revolut-6-1-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/07_Revolut-6-1-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/07_Revolut-6-1-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/07_Revolut-6-1-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li><span style=\"font-weight: 400\">Crypto-friendly fintech platform Revolut has secured a banking license in the UK.<\/span><\/li>\n<li><span style=\"font-weight: 400\">The digital bank has 9 million UK customers and 45 million globally.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">After a three-year wait, crypto-friendly fintech firm <a href=\"https:\/\/coinjournal.net\/news\/tag\/revolut\/\">Revolut<\/a> has finally secured a banking license from United Kingdom\u2019s <a href=\"https:\/\/coinjournal.net\/news\/tag\/banking-regulation\/\">banking regulator<\/a> Prudential Regulation Authority (PRA).<\/span><\/p>\n<p><span style=\"font-weight: 400\">Revolut announced the milestone in a <a href=\"https:\/\/www.revolut.com\/news\/revolut_receives_uk_banking_licence\/\" target=\"_blank\" rel=\"noopener\">news release<\/a> on Thursday, July 25, noting that the next step is the \u201cmobilization\u201d stage. Also known as \u2018Authorisation with Restrictions\u2019, this is a step in the licensing process that many new banks have to complete as part of building out operations before launching in the market.<\/span><\/p>\n<p><span style=\"font-weight: 400\">\u201cWe are incredibly proud to reach this important milestone in the journey of the company and we will ensure we deliver on making Revolut the bank of choice for UK customers\u201d Nik Storonsky, CEO of Revolut, said in a statement.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">UK customers not impacted<\/span><\/h2>\n<p><span style=\"font-weight: 400\">According to Revolut, the restricted period covering the \u201cmobilization\u201d stage will not impact UK customers. The bank, which has over 9 million customers in the UK and more than 45 million worldwide, has assured its UK customers that use of the Revolut e-money account will continue as normal.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Commenting on the development, Francesca Carlesi, UK CEO of Revolut, said:<\/span><\/p>\n<p><span style=\"font-weight: 400\">\u201cToday\u2019s announcement is a significant step forward for Revolut and for our customers. It is a tremendous responsibility to be a bank in the UK and we will work relentlessly to offer products and services that improve the financial lives of everyone who uses Revolut.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Revolut first applied for the UK license from PRA in 2021.<\/span><\/p>\n<p><span style=\"font-weight: 400\">In May this year, Revolut announced the launch of a <a href=\"https:\/\/coinjournal.net\/news\/revoluts-new-crypto-exchange-goes-live\/\">new crypto exchange platform dubbed Revolut X<\/a>. <\/span><\/p>\n<p><span style=\"font-weight: 400\">The stand-alone crypto platform is for professional crypto traders and offers access to on and off ramps and low fees. These features, the fintech said at the time, will see Revolut X compete with leading exchanges in the market.<\/span><\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/revolut-secures-uk-banking-license\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Crypto-friendly fintech platform Revolut has secured a banking license in the UK. The digital bank has 9 million UK customers and 45 million globally. After a three-year wait, crypto-friendly fintech firm Revolut has finally secured a banking license from United Kingdom\u2019s [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":34839,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/34838"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=34838"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/34838\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/34839"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=34838"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=34838"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=34838"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}