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Revolut received its banking license from Lithuania in December 2018, but hasn't switched its customers over yet. After the family connection with Gazprom becam
by krn 7y ago
Revolut received its banking license from Lithuania in December 2018, but hasn't switched its customers over yet. After the family connection with Gazprom became public, Lithuania started considering revoking the license, and Revolut applied for another one in Ireland. It's not clear now, when and which banking license Revolut will start using. It's worth pointing out, though, that Revolut already has more customers than there are tax payers in Lithuania[1].
[1] https://www.theguardian.com/money/2018/dec/22/lithuania-iceland-banking-revolut https://www.theguardian.com/money/2018/dec/22/lithuania-icel...
- tshanmu 7y agothanks, you are right, I have edited my original response (which itself is quite confusing now) - the Revolut state of regulation quiet confusing - better to stick with Monzo in UK/N26 in EU.
- secfirstmd 7y agoAs an Irish person who watched the crapshoot of our banking regulation in 2000s I can assure you that this does not fill me with confidence.