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<ul><li>Revolut halts cryptocurrency services for U.S. customers from September 2, 2023, citing regulatory uncertainties.</li><li>Starting October 3, 2023, U.S. users will lose access to cryptocurrencies on Revolut, affecting trading and holding.</li><li>The decision aligns with the SEC&#39;s view on crypto as securities, prompting delisting.</li></ul>UK-based fintech giant Revolut has revealed its decision to <a href="https://decrypt.co/151272/revolut-shutter-us-crypto-operations-due-regulatory-environment" rel="noopener noreferrer nofollow">suspend</a> cryptocurrency services for its customers in the United States due to the ever-changing regulatory environment and uncertainties surrounding the American crypto market. This suspension is scheduled to come into effect on September 2, 2023.Starting from the stipulated date, users in the U.S. would no longer have the option to initiate buy orders for cryptocurrencies through the Revolut platform. A more comprehensive restriction would follow from October 3, 2023, rendering access to cryptocurrencies via Revolut unavailable for U.S. customers. Consequently, these users would lose the ability to engage in cryptocurrency trading, purchasing, or holding. A spokesperson from Revolut conveyed the rationale behind this decision, stating,&#34;As a result of the evolving regulatory environment and the uncertainties around the crypto market in the US, we’ve taken the difficult decision, together with our US banking partner, to suspend access to cryptocurrencies through Revolut in the U.S.&#34;Read full article at <a href="https://cryptotale.org/revolut-halts-cryptocurrency-services-in-the-u-s-amid-regulatory-uncertainties/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Revolut Halts Cryptocurrency Services in the U.S. Amid Regulatory Uncertainties

CryptoTale

Alte articole publicate pe 4 aug. 2023

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