Revolut needs a license to do business in Ukraine, says the regulatory authority

Revol He has no license to operate in Ukraine, said the country’s central bank as a reaction to an announcement of the UK company earlier this month that Ukrainian residents can now open accounts with it.

“The only forms admitted of banking activity in Ukraine are by establishing a branch of a foreign bank or by obtaining a bank license issued by Ukrainian”, ” Ukraine’s National Bank said in a statement Thursday, who said he came in response to the new offer of the revolution in the country. “Any of these options require NBU permission.”