Revolut to give clients legal ownership of cryptocurrencies

clock • 1 min read

Revolut, the digital or "challenger" bank, has announced a modification to its terms to allow customers beneficial ownership of their cryptocurrency portfolios. Revolut said its customers will obtain full control of their cryptocurrency assets from 27 July 2020. However, holders of cryptocurrencies will only be able to other Revolut account holders.  The digital coins currently traded by Revolut include Bitcoin, Etherium, Bitcoin Cash and XRP. On its website Revolut said to its clients: "You will own the rights to the financial value of any cryptocurrency we buy for you. We will ho...

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Author spotlight

Christopher Copper-Ind

Christopher Copper-Ind is editor-in-chief of International Investment. Before this, he was editorial director of The Business Year, from 2014 to 2017.