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.
We鈥檙e rolling out EURR, our first euro-backed stablecoin, in the Revolut app.