Revolut has received a DLT Provider license from the Gibraltar Financial Services Commission (GFSC) for its new subsidiary, Revolut Global Digital Assets Limited. The license will let Revolut offer crypto services in international markets beyond the UK and the European Economic Area (EEA), though the company has not disclosed specific countries or launch dates. Revolut currently offers crypto services in the UK and the EEA under the EU's MiCA regulation. The company reports more than 80 million retail customers worldwide, including about 16 million crypto users. The license follows an in-principle approval in Dubai in July and preliminary conditional approval from US regulators in September to establish a national bank offering digital asset custody and crypto-related payments.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Cointelegraph ↗
Keywords
Open a keyword to see other news on the same topic.
Related news
- European Banking Authority Puts USDC Under Significant Token Supervision
The European Banking Authority has designated USDC as the first significant e-money token under MiCA, announced October 14. From November 12, the EBA directly oversees specified prudential areas, including own funds, reserves, liquidity and recovery or redemption planning, while France's ACPR keeps oversight of governance, outsourcing and key personnel suitability. The EBA said 45 e-money tokens have been notified under MiCA, and USDC was the first to cross the threshold for significant classification. The article notes the added scrutiny targets redemption pressure, backing asset liquidity and operational failures, but the designation does not remove market, custody or operational risk, nor guarantee redemption in every scenario.
- BingX, YouHodler added to ESMA MiCA register in latest update
ESMA's latest MiCA register update added nine crypto-asset service providers (CASPs), bringing the total to 375 unique providers, including BingX's Austrian entity MEGE zweite and the Italian subsidiary of YouHodler. Other additions were Spain's Prakma Markets, Openbank Deutschland (a unit of Banco Santander) and two German cooperative lenders, while Denmark's Penning Financial Services is no longer listed. The EMT register stayed at 50 entries for 25 unique entities, the ART register remained empty, and the non-compliant NCASP register rose by five entries to 178. BingX's EU CEO Daniel Lai said the authorization lets the company operate under a clear regulatory framework as it prepares to launch regulated services across the European Economic Area.
- Why Some of America's Biggest Companies Are Objecting to Tokenized Shares
Nine issuers, including Verizon, Broadcom and UnitedHealth Group, have objected to their shares being offered on OKXICE TSV, the planned 24/7 tokenized stock venue from OKX and NYSE owner ICE, according to an Oct. 15 public notice. Other objectors include Cerebras Systems, AppLovin, CoreWeave and Rocket Lab. The notice does not give reasons or say whether the objections will keep these stocks off the platform. Nasdaq, which is not among the objectors, said it would opt its own shares out of the SEC's innovation exemption over concerns about real-time pricing and trade reporting. The notice also warns that OKXICE is not registered with the SEC, is not subject to Regulation NMS, and can have its smart contracts upgraded without advance notice.
- U.S. CFTC rebuffs CME legal stance in consequential fight over perpetual futures
The CFTC filed a brief arguing that CME Group has not shown its business is harmed by the agency's new push into perpetual futures, so it lacks legal standing to challenge the policy. The regulator approved the first bitcoin perpetual from Kalshi in May and says it will regulate such products case by case as futures, while CME insists perps are swaps because they have no expiration date. The CFTC noted that CME's crypto futures volume has risen since the policy change and said CME cannot take one position in court and another on earnings calls. TD Cowen analyst Jaret Seiberg warned that rapid growth in perps during the litigation could complicate unwinding the market if CME prevails.
- Nine Public Companies Object to OKX-ICE Tokenized Stock Plans
Nine public companies, including Cerebras Systems, AppLovin, Applied Digital, Rocket Lab, CoreWeave, Verizon, Applied Optoelectronics, Broadcom and UnitedHealth Group, have objected to their shares being offered as blockchain tokens on a proposed platform backed by OKX and Intercontinental Exchange, according to a notice from the two firms, which gave no reasons. The joint venture, co-chaired by former New York Governor Andrew Cuomo, filed with the SEC on October 4 under the September 17 Innovation Exemption, which lets qualifying venues trade tokenized securities without registering as traditional exchanges. The proposal names more than 60 companies, including Nvidia, Tesla, Apple, Microsoft, Coinbase and Robinhood, with trades settled in stablecoins on OKX's XLayer blockchain after identity and sanctions checks. Companies have 30 days to object, and any objection stops the venue from listing that company's tokenized shares.
- Zerohash rolls out a new tool to move crypto without copying wallet addresses
Zerohash launched AUTH, a service that lets users move crypto, stablecoins and blockchain-based stock tokens between linked exchange accounts or self-custody wallets without copying wallet addresses or choosing a blockchain network. To transfer, users pick an account in an app that offers AUTH, sign in and approve the move, while the service handles routing and settlement and each app sets which assets and transfer types it allows. AUTH supports more than 600 connections, including Coinbase, Robinhood, Gemini, MetaMask and Phantom, with Coinbase, Robinhood and Gemini live and Kraken in beta. The launch comes as Zerohash's application for a national trust bank charter, returned by the Office of the Comptroller of the Currency in July, remains pending after a narrower refiling on Aug. 18.
Related markets
Latest news
- Has VinFast found the 'chicken' to solve Vietnam's auto industry's toughest dilemma?
Vietnam's auto industry has long been stuck in a chicken-and-egg dilemma: low output discourages suppliers from investing, while a weak supporting industry keeps costs high. The article argues that VinFast's growing output could create the stable demand suppliers have been waiting for. VinFast delivered 196,919 electric vehicles globally in 2025, up 102%, including 46,977 VF 3s, and in the first nine months of the year it delivered 42,272 VF 3s and 40,018 Limo Green vehicles in Vietnam alone. The company said it added 55 domestic suppliers and localized 108 component groups in one year, and opened supply opportunities for its plants in India and Indonesia. However, suppliers still need stable, long-term orders, as well as competitive quality, cost and logistics, before they can commit to new investment.
- Crushed tech stocks bounce — plus, new doctor survey keeps us positive on Lilly
U.S. stocks rose Monday as investors bought chip stocks after last week's sell-off, and the iShares Semiconductor ETF (SOXX) was on track to snap a nine-session losing streak, its worst since May 2006. The bounce was tepid: the Nasdaq rose 1%, while CoreWeave turned negative and fell to a new low for the year below $60 per share. Oil rose about $2 to around $103 per barrel, lifting inflation worries and pushing Treasury yields higher. Bank of America raised its price target on Eli Lilly to $1,397 from $1,341 after a physician survey suggested oral GLP-1 pills and Medicare coverage are expanding the obesity drug market, with Foundayo at 27% of U.S. oral GLP-1 new starts. Lilly reports Q3 earnings on Oct. 29.
- American Airlines Is Now Down 23% This Year: Is AAL Stock Dead Money or Due for a Bounce?
American Airlines shares are down 23% year to date at $11.87, lagging United (down 14%), Delta (up 8%), the U.S. Global Jets ETF (down 8%) and the S&P 500 (up 13%). Higher fuel costs drove the drop: in Q2 2026 revenue rose 16.3% to $16.7 billion, but aircraft fuel expense jumped 83.3% to $4.9 billion, operating margin fell to 2.7% from 7.9%, and net income dropped 88.2% to $71 million. Management cut its full-year adjusted outlook to a range from a loss of $0.65 to a profit of $0.65 per share, and guided to a Q3 adjusted loss of $0.70 to $0.10 per share. Premium revenue per unit rose 13.4% and managed corporate business grew 26%, but the company carries a stockholders' deficit of $3.97 billion and total debt of $34.7 billion. The article says the stock could rebound if fuel prices ease, and Q3 results are expected on October 22.
- Chevron Just Hit a Record High. Is the Stock Still a Buy?
Chevron hit a record closing high of $222.04 on Oct. 14 and is trading about a dollar below that, up 45% in 2026. Brent crude is just under $106, 46% above its level before the war in the Persian Gulf, and Chevron is positioned to benefit from a Venezuela deal giving the U.S. control of more than 65 billion barrels of proven reserves, as it was the only American major to keep operating there after 1999. The company is also expanding in the Eastern Mediterranean, with seismic work planned off Greece. Second-quarter net income reached $12.1 billion, nearly 400% above a year earlier, beating estimates by $0.50 a share at $6.06. The author believes the stock is still a buy, with 20 of 25 covering analysts rating it Buy or Strong Buy ahead of the Oct. 30 Q3 report.
- Carvana Is Now Down 31% This Year: Is CVNA a Toxic Stock or Ready to Rally?
Carvana shares are down 31% year to date at $58.11, while CarMax is up 34%, AutoNation is down 23%, and the SPDR S&P Retail ETF is up 3%. In Q2 2026 Carvana sold a record 197,325 retail units, up 38%, on $7.38 billion in revenue, but gross profit per unit fell $412 and adjusted EBITDA margin slipped to 10.4% from 12.4%. Long-term debt of $4.85 billion and rising benchmark rates also squeezed financing profit. The company raised its full-year 2026 adjusted EBITDA guidance to $2.7 billion to $3 billion and targets 3 million cars a year at a 13.5% adjusted EBITDA margin by 2030 to 2035. The article says the Q3 report due later this month will show whether profit per vehicle improves.
- Microsoft Walks Away From AI Data Center Deal, but SemiAnalysis Predicts 50-GW Boom in 2027
According to new research from SemiAnalysis, more than 24 gigawatts of data center capacity is already in advanced construction across 40 campuses, most of it expected to come online in 2027. The research firm forecasts 50 gigawatts of new capacity.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.