ECB moves to control Revolut's European operations

Key facts

• The European Central Bank is increasing regulatory scrutiny on Revolut.
• The ECB has taken steps to control Revolut's operations in Europe.
• The central bank compared the fintech firm to 'self-guided missiles.'

The European Central Bank (ECB) has initiated measures to exert control over Revolut's operations within Europe. The central bank's assertive stance was underscored by its comparison of the fintech firm to 'self-guided missiles,' signaling a significant increase in regulatory oversight for the digital bank.