I use Revolut daily

CN
10 days ago

I use Revolut daily. But never deposit crypto to it.

I imagine users swap EUR for EURR, move to DeFi to generate yield.

Then deposit EURR+yield back to Revolut, they 'flag' your account and freeze funds.

Requests for Source of Income docs. Even if you do it well, account can stay suspended for weeks.

"About 8% of crypto transfers get flagged for additional checks."

"1 in 5,000 transfers leads to account closure after further review (less than 0.02%)."

Technology is still limited by regulation, especially with recent MiCA regulation.


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