Revolut's cryptocurrency entity has obtained a DLT license from Gibraltar

According to The Block, the newly established cryptocurrency entity Revolut Global Digital Assets Limited under digital bank Revolut has obtained a Distributed Ledger Technology (DLT) license issued by Gibraltar.

Revolut stated that this approval will assist in the expansion of its international cryptocurrency business. The company currently has over 80 million retail customers, of which 16 million are cryptocurrency users.