Revolut confirmed this week that from 2 September, its US customers will no longer be able to place buy orders for crypto with the bank, with access due to be fully disabled from 3 October.
Speaking to FinTech Futures, a Revolut spokesperson attributed the move to “the evolving regulatory environment” in the country and “uncertainties around the crypto market”.
Its announcement is indicative of the increasingly strenuous relationship between US regulators and cryptocurrency, coming mere months after the Securities and Exchange Commission (SEC) cracked down on industry heavyweights Coinbase and Binance.
