Digital Bank Revolut’s Crypto Stoking Services is once again available for its customers in Hungary after stopping for a few weeks, a company spokesman in Coindesk said on Friday.
The company had interrupted the majority of its crypto services for customers in Hungary on July 7 due to a new law that criminalized trade on license-free cryptography platforms, but a spokesman told Coindesk on Friday that Revolut was comfortable bringing stimulation. He had previously resumed withdrawals, added the spokesperson.
After having carried out a more in -depth analysis in the context of its legal position, Revolut is able to resume these [staking] Services, such as Crypto-Asset exchanges, are captured by revised legislation, “said a company spokesperson in response to a request for comments sent by email.
REVOLUT HONGENDS CUSTOMER are now able to participate in milestones, where participants can check transactions on the blockchain network and win rewards on tokens via its application, and can stop at any time.
The other crypto services of the company are still on break, said its spokesperson, adding that new cryptographic deposits are currently not accepted but that the existing deposits in the application can be sent to another portfolio.
Revolut also tried to comply with the markets of the legislation on cryptographic assets which obliges companies to obtain a license in at least one State of the European Union to be able to operate in the block of 27 nations. As of 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.
