NBU on Revolut's entry into the Ukrainian market

Lack of permits and violated laws
The National Bank of Ukraine has expressed concern over the entry of international financial company Revolut into the Ukrainian market. According to the regulator, the company did not apply for the necessary permits and failed to comply with Ukrainian legislative standards, rendering its operations in the country illegal.

Ignoring local rules
As noted by the NBU, Revolut should have operated in accordance with Ukrainian law, and such an approach by the company would have been impossible in any other country. While the company faced a refusal to enter the market in Poland, it ignored local requirements in Ukraine, which raises additional concern.