Revolut – a leading financial technology company that enables customers to buy and sell a iety of cryptocurrencies – will cease such options for its US users from September this year.
It said the main reason behind the terminated service is the regulatory uncertainty in the world’s largest economy.
- Asreported by Reuters, Revolut will stop allowing American customers to purchase cryptocurrencies from September 2, whereas selling and holding digital assets will be disabled from October 3
- The US watchdogs have failed to impose comprehensive rules on the domestic crypto sector, while the SEC has waged war on some industry behemoths, including Binance and Coinbase. Revolut gave that regulatory uncertainty as the primary factor behind its decision:
“As a result of the evolving regulatory environment and the uncertainties around the crypto market in the US, we’ve taken the difficult decision, together with our US banking partner, to suspend access to cryptocurrencies through Revolut in the US.”
- Numerous well-known figures part of the crypto space, such as Brian Armstrong (Coinbase’s CEO) and Jeremy Allaire (Circle’s boss), have previouslyargued that the lack of appropriate rules in the American digital asset industry could push investors and capital outside the US.
- Another company that recentlyrevealed that it will suspend its crypto program due to that reason is the gaming merchandise retailer – GameStop.
- It said it will remove its iOS and Chrome Extension wallets as of the beginning of November. Users must gain access to their secret passphrase by October 1 to be able to “recover their account in any compatible wallet.”
免責聲明：本頁面資訊可能來自第三方，不代表 Gate 的觀點或意見。頁面顯示的內容僅供參考，不構成任何財務、投資或法律建議。Gate 對資訊的準確性、完整性不作保證，對因使用本資訊而產生的任何損失不承擔責任。虛擬資產投資屬高風險行為，價格波動劇烈，您可能損失全部投資本金。請充分了解相關風險，並根據自身財務狀況和風險承受能力謹慎決策。具體內容詳見
聲明。
