Revolut, a fintech business founded by Russian-born Nikolay Storonsky, will stop offering bitcoin services in the United States starting on September 2, and will fully cut off access to them starting on October 3, according to Decrypt.
Customers in the United States got a letter from Revolut informing them of the shutdown of access to cryptocurrency services. According to the article, this decision was made owing to changes in the legal landscape and unpredictability in the American bitcoin market. In an interview with Decrypt, a spokesperson from Revolut stated that the company is searching for substitute methods of granting access to bitcoin services and intends to resume cryptocurrency transactions in the future.
Revolut announced plans to withdraw the cryptocurrencies Cardano, Polygon, and Solana from its platform in the United States in June. At the time, the business said that the delisting was chosen by the US cryptocurrency service provider due to changes in US laws and regulations. These and several other cryptocurrencies are actually unregistered securities, according to earlier statements made by the US Securities and Exchange Commission (SEC).
source: decrypt.io
Customers in the United States got a letter from Revolut informing them of the shutdown of access to cryptocurrency services. According to the article, this decision was made owing to changes in the legal landscape and unpredictability in the American bitcoin market. In an interview with Decrypt, a spokesperson from Revolut stated that the company is searching for substitute methods of granting access to bitcoin services and intends to resume cryptocurrency transactions in the future.
Revolut announced plans to withdraw the cryptocurrencies Cardano, Polygon, and Solana from its platform in the United States in June. At the time, the business said that the delisting was chosen by the US cryptocurrency service provider due to changes in US laws and regulations. These and several other cryptocurrencies are actually unregistered securities, according to earlier statements made by the US Securities and Exchange Commission (SEC).
source: decrypt.io
