UK Fintech Bank Revolut Will Give Customers ‘Legal’ Ownership Over Cryptos

[Tanimariya]

Fintech bank Revolut will give its users legal control of their cryptocurrencies on July 27, but the U.K.-based bank is tightening its hold on how they can actually wield it.

Revealing twin policy changes in an email sent to users and obtained by CoinDesk Monday, the mobile bank said it will cede its status as the “legal owner” of Revolut’s five available cryptos – bitcoin, ether, litecoin, XRP and bitcoin cash – over to its clients who purchase them next month.

There is a catch, though: that crypto still cannot leave Revolut’s client ecosystem.
Read more info: https://www.coindesk.com/revolut-crypto-bank-legal-ownership-fintech-card-payments