Revolut Temporarily Halts Crypto Services in UK Ahead of New Advertising Rules

Revolut, a fintech company offering online banking services, has temporarily suspended its crypto services for UK customers in preparation for upcoming advertising rule changes by the Financial Conduct Authority (FCA). Starting January 3, 2024, digital asset traders in the UK will no longer have access to Revolut's business platform. However, customers can still sell and store their crypto holdings on the platform without restrictions. Revolut's decision is in line with other companies, such as Bybit and Binance, who have also exited the UK market due to the new advertising laws.