Revolut
received regulatory approval to offer crypto services across the European
Union today (Wednesday), adding to a string of licensing wins as the
British fintech pushes deeper into regulated financial products.
Revolut Wins EU Crypto
License Days After Mexico Banking Approval
The
Cyprus Securities and Exchange Commission (CySEC) granted Revolut a
Markets in Crypto Assets license on Thursday, allowing the company to
sell digital tokens in all 30 countries within the European Economic
Area. The approval comes three days after Mexican regulators cleared Revolut to
accept deposits and make loans as a licensed bank.
“Securing
the license reflects CySEC‘s trust in our regulatory standards,” Costas
Michael, who heads Revolut Digital Assets Europe, revealed the regulatory update via LinkedIn.
“MiCA gives us the clarity to deliver trusted, next-generation crypto
products for Europe’s growing digital finance community.”
Revolut
told customers it will launch what it calls “Crypto 2.0,”
an updated platform featuring more than 280 tokens and the ability to
stake cryptocurrencies with no platform fees. The company said some
staking products will offer annual yields as high as 22%, though
those returns aren’t guaranteed and fluctuate based on network
participation.
The
fintech also plans to let customers convert stablecoins to U.S.
dollars at a one-to-one rate without spreads, potentially making it
cheaper to move between digital and traditional currencies.
License Arrives as EU
Enforces New Rules
Revolut’s
authorization lands as European regulators implement MiCA, a
framework that went into effect this year and requires crypto exchanges to
meet standards for transparency and consumer protection. The
rules forced some platforms to pause onboarding new customers
while they worked through applications.
The company
had been preparing for months to meet the requirements. It previously
migrated European crypto users to a Cyprus-based entity registered
with CySEC and paused new sign-ups earlier this year to manage regulatory
risk.
NEWS: Revolut Secures MiCA License in Cyprus, Expanding Regulated Crypto Services Across EU
— Max Karpis (@maxkarpis) October 23, 2025
More than
65% of European crypto platforms are expected to comply with MiCA by the
end of 2025, according to industry data. Exchanges that don’t meet
the standards face potential fines that regulators project could exceed
€1.2 billion across the industry this year.
Expansion
Follows Mexico Banking Win
The crypto
license extends Revolut’s regulatory footprint beyond traditional banking.
On Oct. 20, Mexico’s National Banking and Securities Commission gave
final approval for Revolut to operate as a Multiple Banking
Institution, making it the first independent digital bank to complete the
full licensing process from scratch in that country.
¡Hola, México! 🇲🇽We’ve made history as the first independent digital bank to get full regulatory approval in Mexico.We’ll soon offer a comprehensive range of financial services with enhanced customer protection and deposits by the IPAB.Join the waitlist ➡️… pic.twitter.com/Vt3I2UAPQZ
— Revolut (@RevolutApp) October 20, 2025
Juan Miguel
Guerra, who runs Revolut’s Mexican bank, commented that the company
will open accounts for customers on a waiting list within weeks.
Revolut had nearly 200,000 people signed up as of May and projected it
could reach 1.5 million customers in Mexico during the first year.
The fintech
is also pursuing a banking license in Colombia and working to acquire a
bank in Argentina, building on operations it started in Brazil
in 2023. Revolut said in September it would invest £10 billion
over five years to expand into more than 30 markets and grow from 65
million to 100 million customers by mid-2027.
However, Revolut
faces a setback in the United Kingdom, where regulators are delaying approval
of its full banking license due to concerns about the company’s risk controls
amid its rapid international expansion.
Revolut’s
Cyprus operation will serve as the hub for its crypto business across the EEA,
supporting the company’s Revolut X trading platform and integrations with
third-party wallets like MetaMask and Ledger.
This article was written by Damian Chmiel at www.financemagnates.com.
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