Revolut’s newly established crypto entity, Revolut Global Digital Assets Limited, has received a Distributed Ledger Technology (DLT) license from Gibraltar, according to BlockBeats. The approval is set to support the company’s international crypto expansion strategy. Revolut said it currently serves more than 80 million retail customers, including 16 million crypto users. The license adds a regulatory approval for the firm as it builds out its digital asset business through a dedicated entity.
Revolut’s newly established crypto entity, Revolut Global Digital Assets Limited, has obtained a Distributed Ledger Technology (DLT) license in Gibraltar, according to BlockBeats on Oct. 19.
Revolut said the approval will support its strategy to expand its international cryptocurrency business. The company added that it currently has more than 80 million retail customers, including 16 million crypto users.
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