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U.K. Bank Revolut Is Expanding Crypto Services, But Restricting Clients' Control

Emily Mason

Summary: U.K. Bank Revolut is renouncing its legal ownership of the bank's cryptocurrencies over to clients starting on Monday, July 27, as reported by Coindesk.  Revolut clients will be able to buy and sell Bitcoin, Ether, Litecoin, XRP, and Bitcoin Cash using the bank's services offered through partnered exchanges including Coinbase and Bitstamp, the bank's terms ...

U.K. Bank Revolut is renouncing its legal ownership of the bank's cryptocurrencies over to clients starting on Monday, July 27, as reported by Coindesk. 

Revolut clients will be able to buy and sell Bitcoin, Ether, Litecoin, XRP, and Bitcoin Cash using the bank's services offered through partnered exchanges including Coinbase and Bitstamp, the bank's terms and conditions state. 

However, clients will not be able to transfer crypto assets to anyone who is not a bank customer. Clients' cryptocurrencies can only be transferred using the Revoult app. The bank has also suspended clients' ability to use their card to to pay with cryptocurrency. 

By Emily Mason

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Link: U.K. Bank Revolut Is Expanding Crypto Services, But Restricting Clients' Control   [Copy]
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