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Revolut has obtained a license from the Central Bank of the United Arab Emirates and will enter the Middle East market while preparing for its localized launch
Svmuu News: Revolut, a crypto-friendly digital bank, has obtained the necessary licenses from the Central Bank of the UAE and will officially enter the United Arab Emirates market, using this as a springboard to expand its operations in the Middle East. The approved licenses include Stored Value Facilities and retail payment services. Revolut stated that prior to its official launch, it will prioritize the development of local technical systems, the establishment of an operational framework, and the deployment of compliance capabilities. (Bloomberg)
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