Revolut Moves Forward With UK Bank Launch as License Limits Are Removed
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Revolut will launch its UK bank after the Prudential Regulation Authority (PRA) lifted restrictions on its banking license, marking a regulatory milestone for the crypto-friendly digital bank. PRA approval strengthens Revolut’s regulated UK foothold, improving fiat on/off ramps, custodial banking capabilities and regulatory trust for its crypto services. The green light should accelerate crypto adoption, product expansion and potential retail flow into Revolut’s crypto offerings, a positive catalyst for market access and partnerships.
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The popular crypto-friendly digital bank Revolut announced today that it will be launching its UK bank.
According to the firm’s official statement, the Prudential Regulation Authority (PRA) has decided to lift the restrictions on Revolut’s banking license.
