π¨ Revolut’s Crypto Pause: A Lighthearted Take
Digital bank Revolut is hitting the brakes on some crypto services for its UK business clients!
π¬π§ Revolut cites the Financial Conduct Authorityβs (FCA) new rules as the reason for this crypto pit stop.
β±οΈ More Time Needed to Comply with FCA’s Crypto Homework
Revolut’s got a bit of studying to do! Starting January 3, 2024, UK customers wonβt be able to buy crypto through Revolut Business. Why? They need more time to cram for the FCAβs new rules, kicking in on January 8, 2024.
π Other customers? No worries, they’re not part of this crypto time-out. π ββοΈπ«
π§ Revolut’s Reassuring Email to Customers
In an email, Revolut reassured its customers: “Donβt worry, you can still hold and sell crypto. We’re just taking a short break from the ‘buy’ button!β πβ
They added, “We’re just sprucing up the customer journey and making sure youβre extra protected when investing in crypto.”
π FCA Tightens the Crypto Leash
The UK’s financial watchdog isnβt playing around! ππ In June, they rolled out crypto marketing rules, nixing ‘refer a friend’ perks and introducing a ‘think twice’ cooling-off period for crypto buyers.
π€β³ Their message? “Crypto’s risky, folks!”
π₯ Supercar
Related Posts
Mondelez International’s Strategic Alliance with Hedera: Redefining Digital Payments and Supply Chain Management
π Mondelez International's Blockchain Revolution with HederaOn Valentine's Day of 2024, Mondelez International (Nasdaq: MDLZ), the powerhouse behind beloved snacks...
Bitcoin’s Rollercoaster: Navigating Through Red Days and Greed Waves
Market Meltdown or Opportunity Knocking? Navigating Today's Crypto TurbulenceHello, everyone! πThe market is seeing red today, with Bitcoin trading at...
π The Global Crypto Compliance Shuffle
Meanwhile, in the crypto world, it’s a game of compliance musical chairs! PayPal hit pause on its UK crypto sales, needing a breather to understand the new rules.
π And as for Bybit? Rumor had it they might leave the UK, but they’re still chatting with regulators.
π£οΈ Luno, not registered with the FCA, also decided to take a crypto siesta in the UK.
π₯ Crypto Card
π‘ A Fun Reminder
Remember, folks: This is just a fun take on the news, not legal, tax, or investment advice. Always do your own research! π΅οΈββοΈπ
π€£ Crypto Jokes
1. Revolut’s new motto: “Crypto? More like Cryp-no, for now!” π
ββοΈπΈ
2. The FCAβs crypto rules: Because sometimes, even digital banks need a time-out! β±οΈπ«
3. Revolut and crypto: “It’s not you, it’s the FCA’s rules!” π€·ββοΈπ
β‘οΈ Donate Bitcoin!
https://btc1.trezor.io/address/bc1q8u4re24uksuncyvhx035g8hqhgq5tgzg5dfkss
β‘οΈ Donate Ethereum!Β
https://etherscan.io/address/0x9a31536e17D5Bb8e3829B5a113FA11675DE66794