Revolut Secures Conditional License to Establish a Bank in Israel

Revolut has received a conditional license from the Bank of Israel to establish a local bank, advancing its planned entry into Israel while leaving customer service dependent on further regulatory and operational work. On Nov. 10, the Bank of Israel said it had completed its review and granted Revolut a conditional license to establish Revolut Bank Israel (in formation). The control permit went to representatives of Revolut controlling shareholder Nikolay Storonsky after the Licensing Committee reviewed the matter. The company cannot activate the license until it completes regulatory, technology and operational preparations and meets supervisory milestones. The approval advances the bank's formation but does not mark the start of customer service; the central bank set no opening date or rollout schedule.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to TokenPost.