Important points from the article:
1. Revolut, a popular crypto-friendly neobank, has temporarily halted purchases of Cardano (ADA), Polygon (MATIC), and Solana (SOL) for its U.S. customers. This decision was made due to regulatory concerns and increased scrutiny on these cryptocurrencies.
2. While purchasing these cryptocurrencies is currently unavailable, Revolut’s U.S. customers can still hold and sell their existing holdings until mid-September. This means that users can manage their portfolios and make necessary adjustments during this period.
3. Revolut’s decision to halt purchases of Cardano, Polygon, and Solana in the U.S. is likely a response to regulatory pressures and compliance requirements. The bank aims to ensure that it complies with all relevant regulations and maintains a secure environment for its customers.
Summary:
Revolut, a crypto-friendly neobank, has temporarily suspended the purchase of Cardano, Polygon, and Solana for its U.S. customers. However, users can still hold and sell these cryptocurrencies until mid-September. This move is likely driven by regulatory concerns and the need to comply with regulations in the cryptocurrency space. Revolut aims to provide a secure environment for its customers while navigating the evolving regulatory landscape.
