Briefly
- Neobank Revolut has secured a Markets in Crypto-Property (MiCA) license in Cyprus.
- The license allows Revolut to supply and market crypto-asset providers throughout all 30 markets within the EEA below MiCA laws
- The transfer opens a path for Revolut to problem its personal stablecoin, with the corporate having been in dialog with no less than one crypto-native firm concerning the enterprise, sources advised Decrypt in June 2025.
Revolut, considered one of Europe’s hottest digital banks, has obtained a Markets in Crypto-Property (MiCA) licence from the Cyprus Securities and Change Fee (CySEC).
The licence may permit Revolut to supply and market crypto-asset providers throughout all 30 markets within the European Financial Space (EEA) below the MiCA laws, by way of a provision referred to as “passporting,” although it may nonetheless must endure extra scrutiny from particular person EU states.
As well as, Revolut introduced it’s set to launch “1:1 conversion between stablecoins and USD,” with out spreads (the distinction between the purchase and promote costs for currencies.)
Costas Michael, CEO of Revolut Digital Property Europe, stated that receiving the licence “is a major step in our journey, reflecting CySEC’s confidence in our dedication to regulatory compliance in crypto.”
He added: “It’s no secret that we now have bold plans for the crypto sector sooner or later, and our MiCA licence is prime to all of that.”
The neobank has been offering crypto buying and selling since 2017 in some areas, however the crypto providers it affords prospects have expanded steadily since then. In November 2024, it launched Revolut X, a standalone crypto change, throughout all 30 European Financial Space nations, giving customers the flexibility to commerce 200 cryptocurrencies by way of its desktop-based platform.
It’s not simply Revolut that’s utilizing Cyprus as its gateway to MiCA approval. Again in January, Coinbase acquired the Cyprus-based unit of BUX, rebranding it as Coinbase Monetary Providers Europe forward of profitable its personal European MiCA licence in Luxembourg.
Stablecoin forward?
The information comes amid rumors that the financial institution might launch its personal stablecoin—hypothesis that has circulated for greater than a yr. In June 2025, two sources conversant in the matter advised Decrypt that the financial institution was persevering with to pursue the creation of its personal stablecoin, although Revolut has not formally commented on the stories.
On Myriad, a prediction market launched by Decrypt’s mum or dad firm Dastan, customers are skeptical {that a} Revolut stablecoin launch is imminent, putting only a 25% probability on the neobank launching a stablecoin earlier than the top of the yr.
Sadri Sali, a Netherlands-based lawyer specializing in EU crypto regulation, advised Decrypt that with MiCA approval, “the introduction of a Revolut stablecoin by 2026 seems to be a believable growth, significantly as soon as the issuer regime below MiCA is totally operational.”
“In sensible phrases, Revolut is now positioned to legally problem its personal stablecoin below the EU framework,” Sali added, noting that the agency would want to “activate their Lithuanian Digital Cash License (EMI) and guarantee compliance with European Banking Authority (EBA) supervision ought to the token attain a stage of significance.”
Sali famous {that a} MiCA license “in and of itself doesn’t grant permission for the issuance of stablecoins.”
“In accordance with MiCA Title IV, the issuance of e-money tokens (EMTs) is restricted to credit score establishments and digital cash establishments (EMIs),” the lawyer stated. “In distinction, asset-referenced tokens (ARTs) necessitate a definite issuer authorization together with an accepted whitepaper.”
He defined that Revolut’s entity in Cyprus operates as a CASP, functioning as a service supplier reasonably than an issuer, and famous that the agency possesses an EMI license in Lithuania, “offering a authorized framework for the issuance of stablecoins.”
Ought to Revolut resolve to make use of its Lithuanian EMI license to launch a stablecoin, “it’s important to draft a whitepaper that adheres to MiCA requirements whereas additionally guaranteeing full compliance with reserve, governance, and redemption protocols,” Sali stated.
As well as, he thinks that many different firms may quickly be eyeing stablecoin launches within the EU, citing conversations he’s had with shoppers asking for authorized recommendation. Nevertheless, he believes that many smaller and mid-sized challenger banks could also be delay by the extraordinary potential prices of complying with and doing the required reporting below EU anti-money-laundering provisions, saying that doing in order a financial institution may require “lots of” of salaried compliance officers.
Sali stated {that a} “important variety of members have adopted a ‘wait-and-see’ strategy” to issuing stablecoin and that “Revolut has now supplied a transparent framework for motion,”
Decrypt has contacted Revolut for remark.
Day by day Debrief E-newsletter
Begin day-after-day with the highest information tales proper now, plus authentic options, a podcast, movies and extra.