Revolut Secures MiCA License in Cyprus, Expanding Crypto Services Across Europe
Revolut has obtained the Markets in Crypto-Assets (MiCA) license from Cyprus, marking a significant regulatory milestone for the fintech firm. The approval allows Revolut to operate its crypto services across 30 European Economic Area (EEA) countries, positioning it as a formidable competitor against established players like Coinbase and PayPal.
The license underscores Europe's evolving stance on digital assets, shifting from perceived hesitation to proactive regulatory clarity. Revolut's Crypto 2.0 platform now offers staking with up to 22% APY, support for 280 tokens, and fee-free conversions—a disruptive offering in a market hungry for innovation.
With its existing Electronic Money Institution (EMI) license and MiCA compliance, Revolut could soon launch a proprietary stablecoin, further solidifying its role in reshaping Europe's digital finance landscape.