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Italy Probes UK Online Bank Revolut for 'Misleading' Clients
HUNGARY, JUL 9 – Revolut froze crypto holdings of 500,000 Hungarian users after new laws criminalised unauthorised transactions and imposed strict licensing and prison penalties, the company said.
- Italy's competition watchdog has opened an investigation into UK online bank Revolut for 'misleading' messages to customers about its investment services.
- The Competition and Market Authority alleged that Revolut used 'aggressive ways' to handle its banking services, impacting client experience.
- Revolut stated it would cooperate with the investigation and is committed to high standards of compliance and customer protection.
- Revolut failed to clarify that clients could not modify their stop-loss and take-profit settings for managing risk, according to Italy's watchdog.
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28 Articles
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Starting on 4 September 2025, accounts can be closed at the request of the authorities. The Revolution article announces major changes for all customers. The Bank will be able to close, at the request of the authorities, customer accounts appear for the first time in Romania TV.
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Cryptocurrency information | Cryptocurrency News | Bitcoin News and Crypto Guide…Crypto News: Revolut Freezes Crypto Accounts in Hungary Amid Sudden Ban
The suspension, announced on July 7, has halted all crypto trading and related services for users in the country. Following the freeze of crypto accounts and investments, Hungarian Revolut users were unable to conduct any …
Coverage Details
Total News Sources28
Leaning Left3Leaning Right4Center11Last UpdatedBias Distribution61% Center
Bias Distribution
- 61% of the sources are Center
61% Center
L 17%
C 61%
R 22%
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