According to the source, Revolut has secured a MiCA crypto-asset service provider authorization in Cyprus, source: the source. In Cyprus, the competent authority for MiCA supervision is the Cyprus Securities and Exchange Commission (CySEC), source: CySEC. Under MiCA, a CASP authorization granted in one EU member state can be passported to other EU countries after notification, enabling EU-wide crypto custody, exchange, and execution services, source: Regulation (EU) 2023/1114 (MiCA). MiCA imposes conduct, custody, and market-abuse requirements on CASPs that govern how BTC and ETH may be offered to EU retail and professional clients, source: Regulation (EU) 2023/1114 (MiCA). MiCA restricts issuance of e-money tokens (regulated stablecoins) to credit institutions and e-money institutions and requires white paper approval and reserve safeguards, source: Regulation (EU) 2023/1114 (MiCA). Revolut holds EU e-money and banking authorizations via Lithuanian entities (Revolut Payments UAB and Revolut Bank UAB), which could make it eligible to apply to issue an e-money token under MiCA subject to separate approval, source: Bank of Lithuania public register; Regulation (EU) 2023/1114 (MiCA). For traders, EU passporting can expand availability of regulated EUR on-ramps and access to BTC/EUR and ETH/EUR pairs on compliant platforms once services are rolled out, source: Regulation (EU) 2023/1114 (MiCA).