PANews reported on April 10 that according to the Financial Times, the crypto-friendly banking and financial institution Revolut was fined 3.5 million euros in Lithuania for failing to control money laundering. It is reported that the Lithuanian regulator imposed the highest regulatory penalty on Revolut because the company's processes had "violations and defects."
Revolut has previously decided to go public in the United States with a valuation of $45 billion. At the same time, the new bank continues to expand its business in the digital asset field. Its cryptocurrency-focused trading platform Revolut X was launched in the UK earlier this year and has now been promoted to 30 European markets.
