The situation with the closure of accounts of Ukrainians in Revolut
The National Bank of Ukraine commented on the situation with the closure of accounts of Ukrainians in the British neobank Revolut, confirming its interest in the presence of international financial companies in the Ukrainian market. Revolut has started to mass close the accounts of Ukrainian users, causing concern among clients of this financial service.
The National Bank of Ukraine (NBU) officially spoke about the situation with Revolut for the first time. At the end of February, the NBU reported that Revolut had not received licenses or permits from the regulator, which became the main reason for the closure of accounts. In this regard, NBU Chairman Andriy Pyshny noted at the beginning of August about the dialogue with Revolut regarding the possibility of the bank entering the Ukrainian market.
'The rules are the same for everyone,' emphasized the National Bank of Ukraine.
In its comment, the NBU also assured that 'we remain open to regulatory dialogue with the company 'Revolut''. This attitude demonstrates the regulator's readiness to support the development of international financial companies in Ukraine, provided they comply with all necessary norms and rules.
The importance of regulatory requirements
The situation with the closure of accounts of Ukrainians in Revolut underscores the importance of adhering to regulatory requirements for financial institutions planning to operate in the Ukrainian market. The National Bank of Ukraine, in particular, seeks to ensure equal conditions for all market participants, which may contribute to greater transparency and security of financial services for citizens.
Further negotiations between the NBU and Revolut may open new opportunities for the expansion of the presence of international financial companies in Ukraine if they comply with established norms.