**[Revolut Obtains French Banking License, Becomes the Second Fully Licensed Bank Entity in the EU]** BlockBeats News, August 10: Fintech company and crypto-friendly bank Revolut announced that it has obtained a French banking license, making it the second full banking license the company has secured in the EU, following Lithuania. The license was jointly reviewed by the French Prudential Supervision and Resolution Authority (ACPR) and the European Central Bank (ECB) and was approved by the ECB's Governing Council. With this license, Revolut Bank S.A. will be able to offer a broader range of banking services in France, including loans, mortgages, and regulated savings products. France is one of Revolut's largest markets in Western Europe. Previously, the company primarily relied on its Lithuanian banking license to operate in France, focusing on payment and financial services. Following this new license, Revolut plans to gradually migrate its French operations to the new French banking entity and subsequently expand to Germany, Ireland, Italy, Portugal, and Spain. Revolut stated that it has invested over €1 billion in the Western European market in recent years and has created more than 600 new jobs locally. The company also plans to establish its Western European headquarters in Paris by 2027. However, the license comes with regulatory conditions. Reports suggest that the ECB may impose restrictions on new products introduced by Revolut's French operations, similar to the regulatory measures previously applied to its Lithuanian entity. As a result, the rollout of loan and savings products may face delays. This year, Revolut has been actively advancing its global regulatory expansion. The company obtained a full UK banking license in March 2026 and a full Australian banking license in July. Currently, Revolut operates in 40 markets, with its valuation rising to $115 billion following secondary share transactions in 2026. [Original Link]