Thanks for the detailed answer sir. Clears any doubt.
There is no direct causal link (in the sense that, cryptocurrency activity = 100% illicit.). However… as anyone interested in the area is aware, there have been a lot of headline ‘bad’ activity associated with it in recent times.
Companies are fully liable for their wrongdoings, including illegal activity be it carried out using crypto… or fiat.
There have been headlines of people making a wrong use of knives, yet Ikea did not struggle to open a business account.
Hope Revolut’s position will evolve and they’ll adopt a Revolut-ionary stance on these matters!