Revolut Wins Gibraltar Crypto License, Reopens Sign-Ups for Local Residents

Gibraltar's financial regulator has authorized a new Revolut subsidiary to provide crypto services, the government said today (Monday).

The unit can now execute virtual asset orders, hold the assets in custody and offer staking.The government statement named the subsidiary as Revolut Global Digital Assets Limited (RGDAL).

It also said Revolut has fully resumed signing up Gibraltar residents to its payments app.The reopening followed talks between the company, Trade and Industry Minister Nigel Feetham and the Gibraltar Financial Services Commission (GFSC).

The statement did not say why sign-ups had stopped.London's trading industry is coming home!Revolut already offers crypto through Revolut Ltd in the UK and through Revolut Digital Assets Europe across the 30-country European Economic Area, under a MiCA license from Cyprus that reaches about 450 million people.The company said the Gibraltar unit will support its crypto business in what it calls key expansion markets.In May, Revolut named Michael Schroeder, formerly Coinbase's head of risk for Europe, as global head of crypto expansion, a role he said includes licensing and market launches.Gibraltar Expects Three DLT Permissions This WeekThe government expects to issue three distributed ledger technology (DLT) permissions this week.

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