Revolut Secures MICA License in Cyprus, Expanding Regulated Crypto Services across the EU
Fintech Major Revolut has received a Crypto Assets (MICA) license from the Cyprus Securities and Exchange Commission (CYSEC), allowing it to provide regulated crypto services in all 30 countries in the European Economic Area (EEA).
Revolut, which serves more than 65 million customers worldwide, said the authorization provides compliance with the first crypto strategy in an emailed announcement on Thursday.
The company plans to roll out “Crypto 2.0,” an expanded platform featuring more than 280 tokens, zero-fee staking with rewards up to 22% annual yield, and direct 1:1 stablecoin-to-usd conversion with no spread, according to a press release on Thursday.
Revolut’s move comes as MICA The impact is being made across the EU, reshaping how exchanges and wallet providers work. The firm’s Cyprus base will serve as a hub for EEA crypto operations, building on the success of the Revolut X trading platform and crypto integration with wallets such as Metamask and Ledger.
“Securing the license reflects Cysec’s confidence in our regulatory standards,” said Costas Michael, CEO of Revolut Digital Assets Europe. “MICA gives us the clarity to deliver trusted, next-generation crypto products for Europe’s growing digital finance community.”
