Revolut wins a crypto licence in Gibraltar, but your German account stays with Cyprus

Revolut has a new crypto licence, and it does not cover your account. The Gibraltar Financial Services Commission has authorised the subsidiary Revolut Global Digital Assets Limited as a distributed ledger technology provider, and Revolut announced the approval on October 19, 2026. If you buy Bitcoin or Ether through Revolut in Germany, you will notice nothing at first: your counterparty remains the EU entity licensed in Cyprus. That split is the real substance of the announcement, because it decides which regulator is responsible for your balance and whom you turn to in a dispute. For investors in Germany this is no formality. Any authorisation says two things: what a provider may do, and where it may do it. The second half tends to drop out of the coverage, and that is where the mistaken belief comes from that a group licence applies everywhere the logo appears. What the Gibraltar Financial Services Commission has actually authorised The permission is called a DLT provider licence. DLT stands for distributed ledger technology, the technology of distributed registers on which a blockchain runs. Gibraltar operates its own regime for such providers, and that regime works independent...