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Bank of England orders Revolut to review product approval systems

Bank of England orders Revolut to review product approval systems
AI summary

The Bank of England has ordered Revolut to review its product approval processes, with the review to be carried out by a team of experts. The order follows regulatory scrutiny of the fintech's internal systems. Traders should watch whether the review leads to restrictions on Revolut's crypto offerings or signals broader UK regulatory pressure on fintech platforms.

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