Ooo! Exciting!
Iād expected their approach to trading and promoting cryptocurrencies would be problematic. Remains to be seen I suppose.
Iām looking forward to this for nothing more than gaining FSCS protection for an account I already have anyway.
If they also bring out exciting new products or otherwise manage to compete with other banks as a result of no longer having e-money restrictions, it will be interesting and may be useful, but I donāt even need that to happen to be pleased with the development.
I look forward to seeing if the reports are true!
I think I could stand the loss of my Ā£0.10 balance in the event Revolut collapse tbh 
Surely it would pave the way to continue using revolut as a āburnerā account rather than relying solely on Monzo and Starling, from the tech perspective?
Revolut will probably adopt a similar restriction on re-joining to Monzo and Starling, to avoid overuse of CASS.
I think banks arenāt technically allowed to restrict CASS itself, so limits on returning customers are a way around it that still meet the rules.
Sounds good, more competitors. Iām guessing it will take a while for it to actually roll out to customers?
I rather like the quote from the anonymous senior official at the FCA:
āWe may find itās better to have Revolut pissing into the tent, so we can get a better look at what gets wet, than if itās outside in the dark. After a certain point, it has become so big that we need it in our regulatory orbit.ā
Chaucer - unless my English Lit fails meā¦ā¦
Ah, but they didnāt use the c-word (or q-word in Chaucerās case) 
Is there any bank with a full licence that is offering crypto products direct to consumers?
I pray to the Lord almighty, that not
Things have gone quite. Any updates on this?
I suspect the dodgy accounts and auditorās concerns are holding things up.
Ah yes, thought so: Revolut audit queries, skittish regulators complicate its UK licence bid -sources (yahoo.com)
If I were a foreign regulator the first thing Iād be doing is checking if theyād managed to get a licence in their home country. Iām guessing the ECB or Lithuanian Central Bank could have contacted the BoE or FCA/PRA to ask if theyāve any concerns that could spiral to the EU bank.
Very suspicious that, in their largest market, theyāve got nothing to show for their troubles licence wise !
Youāre rich - Iāve got 1p in mine.
Was going to close it then changed phones and canāt be bothered reactivating as they replaced my German Maestro with a second GB Visa card - Maestro was itās sole USP (for me)
He left the company for unrelated reasons the following month to take up a new job elsewhere
No wonder Revolut are struggling to get a banking license.
Oh dear
I canāt imagine him whining that he would up sticks and move to the US to list the bank there helped any, either.