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Crypto

Revolut wins UK banking licence after five years

Revolut has obtained a licence to operate as a full bank in Britain, CNBC reported on Tuesday. The approval follows a five-year regulatory process and allows Revolut to offer formal bank accounts to retail and corporate customers in the UK. CEO Nikolay Storonsky (니콜라이 스토론스키) called the UK bank launch a long-standing strategic priority and a milestone in its mission. Revolut is also applying for a U.S. banking licence.

Crypto

Revolut drops plan to buy U.S. bank, seeks licence directly

Crypto-friendly British fintech unicorn Revolut has dropped plans to acquire a U.S. bank and will instead apply directly for a banking licence through the Office of the Comptroller of the Currency, Cointelegraph reported on Thursday, citing the Financial Times. Revolut had unveiled a strategy in September 2025 to buy a U.S. bank to accelerate global expansion but shifted to pursuing its own licence. Sources said it would be faster and avoid branch obligations.