UK financial regulators have reportedly found flaws in the auditing process of Revolut, a neobank that offers crypto investment services.
A “financial services provider” whose audit was described as “inadequate” and having a “risk of an undetected material misstatement” has been identified as UK neobank Revolut by the Financial Times.
Revolut is Europe’s second most valuable fintech on the private markets and has made steps to offer a number of crypto services, along with a forthcoming native token and non-custodial wallet.
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