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Revolut regulatory expansion in UAE, US, Australia and EU

Updated 2 times since CLSTR started tracking revisions of this situation.

What changed

2026-08-10 10:33 UTC → 2026-08-14 05:02 UTC · added removed

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.

Versions

  1. 2026-08-14 05:02 UTC Revolut regulatory expansion in UAE, US, Australia and EU
  2. 2026-08-10 10:33 UTC Revolut regulatory expansion in UAE, US, Australia and EU
  3. 2026-08-10 08:16 UTC Revolut regulatory expansion in UAE, US, Australia and EU

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