# Revolut regulatory expansion in UAE, US, Australia and EU > Live situation record from CLSTR: https://clstr.news/situations/revolut-regulatory-expansion-in-uae-and-us > Updated: 2026-08-13T10:22:45.000Z. Sources: 53. Developments: 5. In mid‑July 2026 Revolut announced that Dubai’s Virtual Assets Regulatory Authority granted it in‑principle approval to operate as a regulated virtual‑asset service provider in the United Arab Emirates. The provisional licence will allow the fintech to offer broker‑dealer, management, investment and exchange services for digital assets through its main app and the Revolut X platform, pending final authorisation expected by late summer. The company also confirmed its intention to launch a full‑service US bank in 2027 after filing for a banking licence earlier in the year, backed by a $500 million investment and a new chief executive for the American operation. On 21 July 2026 the Australian Prudential Regulation Authority authorised Revolut Payments Australia Pty Ltd as an authorised deposit‑taking institution, giving Revolut Bank Australia the ability to offer government‑backed deposit accounts (protecting funds up to AUD 250,000), savings, credit and business‑banking products. The approval made Revolut the first global fintech to receive an unrestricted ADI licence in Australia, adding to its licences in the UK, the EEA and Mexico, and positioning it as a direct competitor to the country's “big four” banks. Over the next five years the firm pledged about AUD 400 million for product development, hiring and market expansion. In August 2026, Revolut secured a full banking licence in France for Revolut Bank S.A. following a joint assessment by the ACPR and the European Central Bank. This marks the company's second standalone eurozone banking licence, complementing its Lithuanian entity. To support its Western European growth, Revolut plans to implement a "dual-hub model," beginning service migration in France before expanding to Germany, Ireland, Italy, Portugal, and Spain. The company has pledged to invest over €1 billion in Western Europe, including hiring 600 employees and opening a headquarters in Paris by 2027. ## Claims - Revolut Bank S.A. (RBSA) has received a full banking licence in France. (corroborated by 27 sources) - The ECB Governing Council formally adopted the decision to grant the licence following a joint assessment by the ACPR and the ECB. (corroborated by 25 sources) - Customer migration will begin in France and later expand to Germany, Ireland, Italy, Portugal, and Spain. (corroborated by 23 sources) - The company will implement a dual-hub model using the French entity and its existing Lithuanian entity, Revolut Bank UAB. (corroborated by 22 sources) - Western Europe accounts for approximately 30 million of Revolut's 75 million customers. (corroborated by 22 sources) - The company plans to open a new Western European headquarters in Paris in 2027. (corroborated by 20 sources) - Revolut has committed to investing more than €1 billion in Western Europe. (corroborated by 19 sources) - Revolut has hired more than 600 people across its Western European markets. (corroborated by 11 sources) ## Timeline ### 2026-08-13: Revolut secures full banking license in France Revolut has secured a full banking license in France, enabling new financial products and paving the way for a broader European expansion into markets like Spain and Germany. 3 sources. https://clstr.news/cluster/revolut-secures-full-banking-license-in-france ### 2026-08-10: Revolut secures full banking licence in France Revolut has obtained a full banking licence in France, enabling a dual-hub European model. The company plans to migrate customers from Lithuania to France and expand across Western Europe by 2027. 36 sources. https://clstr.news/cluster/revolut-secures-french-banking-license-and-announces-fee-changes ### 2026-07-21: Revolut secures Australian banking licence, pledges AUD 400 million investment Revolut received a full Australian banking licence, pledging AUD 400 million investment and offering protected deposit, savings and credit services, challenging the nation’s big‑four banks. 10 sources. https://clstr.news/cluster/revolut-secures-australian-banking-licence-launches-local-bank-operations ### 2026-07-15: Revolut obtains in‑principle VARA licence for crypto services in UAE Revolut received in‑principle VARA approval to offer regulated crypto services in the UAE, pending final licence, expanding its global digital‑asset platform. 6 sources. https://clstr.news/cluster/revolut-obtains-inprinciple-vara-licence-for-crypto-services-in-uae ### 2026-07-13: Revolut secures UAE crypto licence and targets US bank launch by 2027 Revolut received provisional crypto licensing in the UAE and is preparing to launch a US bank by 2027, expanding its regulated fintech services. 2 sources. https://clstr.news/cluster/revolut-secures-uae-crypto-licence-and-targets-us-bank-launch-by-2027 --- Cite as: Revolut regulatory expansion in UAE, US, Australia and EU. CLSTR, https://clstr.news/situations/revolut-regulatory-expansion-in-uae-and-us