Cyprus

Cyprus has granted Revolut the first cryptocurrency license. Revolut also announced that it was doubling down on its crypto strategy. A number of other significant global cryptocurrency startups are based in Cyprus. Revolut has received the first cryptocurrency permission from the Cyprus Securities and Exchange Commission, creating a new European crypto-asset hub to serve its 17 million European consumers with further cryptocurrency services. As the EU’s new crypto regulatory guidelines MiCA take effect, the neo banking platform-turned-“super app” is establishing its European base, but it is still pursuing a license from the UK’s Financial Conduct Authority. Revolut will be able