Revolut Business Hits Pause on Crypto Purchases Amid UK Regulatory Wave

Key Takeaways

Revolut Business will temporarily suspend cryptocurrency purchases for UK customers from January 3, 2024, to comply with new FCA regulations effective January 8, 2024;
During this suspension, customers can continue to hold and sell cryptocurrencies;
Several crypto firms have adjusted their operations or left the UK market in response to FCA’s regulations.

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