According to the Financial Times, crypto friendly banking financial institution Revolut has been fined 3.5 million euros in Lithuania for failed money laundering controls. It is reported that Lithuanian regulators have imposed the highest regulatory penalty on Revolut due to "violations and deficiencies" in the company's processes. Revolut has previously decided to go public in the United States for an IPO, with a valuation of up to $45 billion. At the same time, this new bank continues to expand its business in the digital asset field. Its cryptocurrency focused trading platform Revolut X was launched in the UK earlier this year and has now been promoted to 30 European markets.
