Digital Bank Revoluts Crypto Pooring Services is again available to its customers in Hungary after pausing for a few weeks, a spokesman from the company told Coindesk on Friday.
The company had paused most of its crypto services for customers in Hungary on July 7 because of a new law that criminalized trade in unliked crypto platforms, but a spokesman told Coindesk on Friday that revolutener was comfortable to bring back. It had previously resumed withdrawals, the spokesman added.
After doing further analysis in connection with its legal position, Revolut is able to resume these [staking] Services such as only crypto-active exchanges are captured by the revised legislation, “a spokesman for the company said in response to an email request for comment.
Revolut’s Hungary customers are now able to participate in Staking, where participants can verify transactions on the blockchain network and earn rewards on tokens via its app and can stop inserting at any time.
The company’s other Crypto services are still on the break, its spokesman said, adding that new crypto deposits are not currently accepted but existing deposits in the app can be sent to another wallet.
Revolut has also tried to comply with the markets of crypto -assets legislation, which requires companies to receive a license in at least one EU state to operate across the block 27 nations. Per. June 30, customers are unable to open new accounts in the Netherlands, Finland, Hungary, Latvia and Slovenia to comply with Mica. Revolut does not yet have a mica license.
