Revolut Acquires Full UK Banking License
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March 11, 2026: Revolut Bank UK Ltd received a full UK banking licence from the PRA, exiting mobilisation and granting FSCS deposit protection up to £120,000 for Revolut’s 13 million UK users. Mobilisation was extended due to intense PRA scrutiny of risk management, compliance and operational resilience, signaling stronger regulatory assurance for its banking and crypto operations. Licence clears the path for deeper integration of regulated digital assets and stablecoins into Revolut’s mainstream services, boosting crypto adoption and platform legitimacy.
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- Revolut launched Revolut Bank UK Ltd as a fully licensed bank following the PRA’s lifting of mobilisation restrictions.
- The extended mobilisation phase beyond the usual 12 months stemmed from rigorous PRA scrutiny of risk management, compliance, and operational resilience.
- This milestone paves the way for deeper integration of regulated digital assets and stablecoins within the mainstream UK financial ecosystem.
Revolut Bank UK Ltd has secured full UK banking licence approval from the Prudential Regulation Authority (PRA) in London on March 11, 2026, exiting mobilisation to launch as a regulated bank.
This move will grant Revolut the Financial Services Compensation Scheme (FSCS) protection of up to £120,000 for deposits, separating core banking from crypto trading while boosting overall platform legitimacy for its 13 million UK users.
Revolut Bank UK Ltd Launc…
Read The Full Article Revolut Acquires Full UK Banking License On Coin Edition.
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