In a significant strategic move, Revolut has appointed Michael Schroeder as its Global Head of Crypto Expansion. Schroeder previously served as the Chief Risk Officer and Managing Director for Europe at Coinbase, where he gained valuable experience overseeing European risk and regulatory operations for nearly three years. In his new role at Revolut, he emphasizes the importance of “licensing, regulatory readiness, operations, and market launches,” as highlighted in a recent LinkedIn announcement.
This appointment signals a shift in focus for Revolut. Rather than aiming primarily at customer acquisition or product marketing, the emphasis appears to be on strengthening regulatory and licensing frameworks as crucial components of expansion efforts. This trend is mirrored across the cryptocurrency sector; for instance, Kraken recently appointed Andreas Roussos, a regulatory technology expert, to spearhead its operations in Cyprus, aligning with the industry’s growing emphasis on risk management and compliance.
Revolut has established a solid regulatory foundation in Europe and the UK. In 2025, it became one of the first companies to secure a Markets in Crypto-Assets (MiCA) license from the Cyprus Securities and Exchange Commission, positioning Cyprus as the hub for its European cryptocurrency operations. Additionally, in 2022, the fintech secured a spot on the UK’s Financial Conduct Authority (FCA) list of registered crypto-asset firms.
Despite these accomplishments, Revolut faces challenges in one significant market: the United States. In October 2023, the company suspended all cryptocurrency services for US customers due to what it described as an “evolving regulatory environment,” noting increased scrutiny from the US Securities and Exchange Commission. While American users maintain access to Revolut’s banking and fiat services, they are no longer able to buy, sell, or hold digital assets.
However, the company is making moves to pivot back to the American market. In March 2026, Revolut filed for a US national bank charter, a strategic effort to enhance its presence in the country and decrease dependence on partner banks. If successful, this could pave the way for a potential return to cryptocurrency services in the US, allowing Revolut to better navigate the regulatory landscape and re-establish its offerings in a critical market.
