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Revolut wins FCA approval for crypto service
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The long wait for authorisation is believed to have stemmed from AML compliance issues, which have since been resolved.The FCA's green light will provide some succour for Revolut, which is still awaiting the watchdog's approval for a UK banking licence.Revolut submitted the licence application in January last year, and the FCA's tardiness in responding has been a source of frutration for the firm's go-getting boss Nik Storonsky. In June, he openly called out the regulator for its slow progress in processing the paperwork.
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