Cryptocurrency-friendly neobank Revolut is subsequent to delist a batch of digital belongings on its platform in america amid the continuing regulatory developments within the nation.
Revolut is getting ready to utterly delist tokens like Cardano (ADA), Polygon (MATIC) and Solana (SOL) from its platform in September, a spokesperson for the agency informed Cointelegraph.
On June 29, Revolut notified its U.S. clients in regards to the change, stating that purchasing ADA, MATIC and SOL is instantly closed for all clients. Revolut customers will nonetheless be capable of maintain and promote these tokens till Sept. 18, the consultant famous.
“Any remaining tokens will likely be offered in your behalf utilizing the market worth on the time of sale. We’ll deposit the USD proceeds into your Revolut account,” the agency wrote within the announcement to U.S. clients.
Revolut mentioned that the tokens are being delisted attributable to developments in its U.S. infrastructure.
“Our U.S. crypto companies supplier has determined to delist these tokens because of the altering legal guidelines and laws round cryptocurrency in america,” Revolut said.
A spokesperson for Revolut emphasised that the agency nonetheless helps the ADA, MATIC and SOL in different jurisdictions exterior america, stating:
“There are not any plans to delist these tokens in different markets, the place they continue to be out there.”
The consultant additionally informed Cointelegraph that the quantity of supported cryptocurrencies on Revolut varies so much per location. “The European Financial Space plus the UK have over 115 cryptocurrencies and the U.S. has over 33,” the spokesperson mentioned.
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Revolut is just not alone in delisting these specific three tokens. Firms like Robinhood, eToro and Bakkt all announced ADA, MATIC and SOL delistings over the previous few weeks, instantly halting purchases.
As beforehand reported, ADA, MATIC and SOL were labeled as unregistered securities by the U.S. Securities and Change Fee in early June. The allegations got here as a part of two totally different actions towards main cryptocurrency exchanges, Binance and Coinbase.
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Disclaimer: This text was up to date to indicate that Revolut US has 33 tokens listed on its platform, as an alternative of 90.
