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Revolut Secures MiCA Approval to Expand Crypto Services Across EEA

Revolut Secures MiCA Approval to Expand Crypto Services Across EEA

Revolut gains MiCA licensing from Cyprus regulator, enabling regulated crypto services—over 280 tokens, zero-fee staking with up to 22% yield, and spread-free USD stablecoin conversion—across 30 EEA countries.

Fact Check
The evidence strongly supports the conclusion that Revolut has secured a MiCA license. The most direct and compelling evidence comes from Source 3, a CoinDesk report, which explicitly states that Revolut "has obtained MiCA authorization from the Cyprus regulator." This claim is corroborated by strong circumstantial evidence from Revolut itself. Sources 1, 2, and 9 confirm that Revolut is undertaking a significant operational migration of all EEA crypto users to a new, dedicated entity ('Revolut Digital Assets Europe Ltd') specifically to comply with MiCA. Such a large-scale structural change is a clear indicator that the necessary regulatory approvals are in place, as it's unlikely the company would proceed without the license.There is, however, conflicting evidence from Sources 5, 6, and 7. These official Revolut help pages for Slovenia, the Netherlands, and Hungary state that the company is suspending new sign-ups in order to "prepare to obtain" its MiCA license, which directly contradicts the claim that the license has already been secured. This conflict can be reconciled. The positive confirmation of the license is specific (from the Cyprus regulator), while the contradictory statements are part of a broader communication about a temporary suspension of new sign-ups. It is plausible that Revolut secured the license through its Cyprus entity, granting it passporting rights across the EEA, but the operational rollout and updating of customer-facing legal pages across all 27 member states is happening in phases. Therefore, the language on the country-specific pages might be temporarily outdated or part of a cautious communication strategy during this transition. Given the strength and specificity of the CoinDesk report, combined with the major corporate actions Revolut is taking to align with MiCA, the evidence that the license has been secured is more persuasive than the conflicting, and possibly transitional, statements on some regional help pages.
Summary

According to an official statement, Revolut has obtained a Markets in Crypto-Assets (MiCA) license from the Cyprus Securities and Exchange Commission, authorizing it to offer regulated cryptocurrency services across all 30 European Economic Area countries. The fintech, serving over 65 million customers globally, will launch “Crypto 2.0” featuring more than 280 tokens, zero-fee staking with rewards of up to 22% annually, and direct 1:1 stablecoin-to-USD conversions with no spread. Revolut’s Cyprus hub will support the expansion, leveraging its Revolut X trading platform and integrations with wallets like MetaMask and Ledger. CEO Costas Michael stated that securing the license underscores CySEC’s trust in Revolut’s regulatory standards as MiCA reshapes the EU digital finance market.

Terms & Concepts
  • MiCA: Markets in Crypto-Assets regulation, an EU framework governing crypto asset issuance and service provision.
  • Zero-Fee Staking: A process where users earn rewards for holding certain cryptocurrencies without incurring service fees.
  • Stablecoin USD Exchange: A service allowing the swapping of stablecoins pegged to the US dollar for other currencies or crypto assets.