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Revolut gets preliminary UAE crypto license, expands services while removing USDT in Europe by August

Market News
16 Jul 2026
Blockonomi
View Source
Bullish
pluang ai news

Revolut has received preliminary approval from Dubai's Virtual Assets Regulatory Authority to offer cryptocurrency services in the UAE, including broker-dealer, asset management, and exchange functions. This approval allows UAE customers to trade and custody digital assets via Revolut's main app and Revolut X platform, complementing its existing payment license from the UAE Central Bank. Meanwhile, Revolut plans to remove the USDT stablecoin for European users by August to comply with new EU crypto regulations under MiCA. These moves reflect Revolut's strategy to grow in the Middle East while adjusting its offerings to meet regulatory demands in Europe.

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