10-4-2025 – Revolut, a financial institution celebrated for its embrace of cryptocurrencies, has been slapped with a hefty €3.5 million fine in Lithuania, as reported by PANews. The penalty, the steepest allowed under local regulations, stems from shortcomings in the bank’s efforts to combat money laundering. Lithuanian authorities pointed to a series of “violations and deficiencies” in Revolut’s internal systems, casting a shadow over its otherwise ambitious trajectory.
The company, which has its sights set on a blockbuster initial public offering (IPO) in the United States with a projected valuation of $45 billion, remains undeterred in its global expansion. Earlier this year, Revolut unveiled its cryptocurrency-centric trading hub, Revolut X, launching first in the United Kingdom before swiftly extending its reach across 30 European markets. This move underscores the bank’s determination to cement its foothold in the burgeoning digital asset arena, even as it navigates regulatory turbulence.
