Revolut will temporarily halt certain cryptocurrency services for its UK business customers in response to upcoming regulatory changes by the Financial Conduct Authority (FCA).

According to a report by City A.M., the fintech disclosed its decision to suspend the ability to purchase cryptocurrencies via Revolut Business starting January 3, 2024, aligning with the FCA's new guidelines on crypto assets.

Navigating Regulatory Changes

Recently, the Financial Conduct Authority (FCA) signaled imminent guidelines, compelling Revolut to pause the purchasing option for cryptocurrencies through Revolut Business from January 3, 2024. While this pause affects buying, business customers retain the ability to hold and sell crypto, with no impact on Revolut's Retail customers.