Revolut will ‘temporarily pause’ UK business crypto purchases due to FCA rules

Revolut’s UK Business arm will hit pause on Jan. 3 for new crypto purchases

article-image

Mino Surkala/Shutterstock modified by Blockworks

share

Revolut is temporarily pausing the ability to buy crypto for UK Business customers. 

According to an email seen by Blockworks, the pause goes into effect on Jan. 3 ahead of a new set of rules from the Financial Conduct Authority which go into effect on Jan. 8. Other Revolut customers will not be impacted by the pause.

The FCA is implementing crypto investment requirements, and Revolut noted that the “requirements aim to enhance the customer journey and provide additional protection for new and existing investors of crypto assets.”

“This pause won’t impact your ability to hold or sell crypto via Revolut Business, or affect any other tools and features you use with us,” the email said.

The company said it’ll keep its Business clients updated when the pause is lifted.

Revolut declined to comment on the pause.

The FCA started rolling out crypto regulations earlier this year, leading other companies to hit the pause buttons on offerings and user acceptances. Binance’s partner firm, back in October, was banned from approving crypto ads by the FCA leading the exchange to issue a temporary pause on accepting new UK users.

The FCA introduced rules in October to improve both the clarity and accuracy of marketing for crypto products. However, the agency gave an extension to some firms that would introduce “features that require greater technical development.”  

The extension meant that firms could introduce features like a cooling-off period to allow consumers a set time period to consider their investment decisions without penalties.

“From this October, crypto firms must market to UK consumers clearly, fairly and honestly. And they must provide risk warnings people understand,” Lucy Castledine, director of consumer investment, said in a statement earlier this year.

The FCA issued multiple warnings to companies not following the new rules, showing its steadfast dedication to improving the way crypto companies target users.


Get the news in your inbox. Explore Blockworks newsletters:

Tags

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

Industry City | Brooklyn, NY

TUES - THURS, JUNE 24 - 26, 2025

Permissionless IV serves as the definitive gathering for crypto’s technical founders, developers, and builders to come together and create the future.If you’re ready to shape the future of crypto, Permissionless IV is where it happens.

Brooklyn, NY

SUN - MON, JUN. 22 - 23, 2025

Blockworks and Cracked Labs are teaming up for the third installment of the Permissionless Hackathon, happening June 22–23, 2025 in Brooklyn, NY. This is a 36-hour IRL builder sprint where developers, designers, and creatives ship real projects solving real problems across […]

recent research

Research Report Templates (19).png

Research

Suilend has grown into the top money market and liquid staking provider on Sui. STEAMM, Suilend’s Superfluid AMM, presents a compelling avenue for growing market share within Sui’s DEX landscape and revenue generation for the protocol. Suilend’s multi-product suite position it well for owning market share across key verticals. While current metrics across the Sui ecosystem are likely inflated due to Sui Foundation incentive programs, SEND trades at amongst the lowest multiples in the lend/borrow sector, suggesting that a bull case for continued growth in the ecosystem may be mispriced.

article-image

Silk Road founder Ulbricht made a triumphant return to the Bitcoin Conference, 10 years on from sentencing

article-image

A Blockworks Research report looked at who could take up some of the marketshare in the launchpad space

article-image

Business-to-business stablecoin payments are on the rise, per a report from Artemis, Dragonfly and Castle Island

article-image

Crypto continues to do its thing: incentivizing behavior

article-image

Kraken will soon offer Backed ‘xStocks’ as Solana tokens

article-image

In a unanimous decision, the US Court of International Trade has ruled that Trump’s IEEPA tariffs are unlawful