Revolut has apointed Michael Schroeder, formerly Chief Risk Officer and Managing Director for Europe at Coinbase, as Global Head of Crypto Expansion.Schroeder spent nearly three years at Coinbase overseeing European risk and regulatory operations. In a LinkedIn post announcing the move, he said his focus at Revolut would include “licensing, regulatory readiness, operations, and market launches”.The wording is revealing. This is not the sort of hire associated with customer acquisition or product marketing. It suggests that regulatory and licensing capabilities will be as important as product expansion.The move also reflects a broader pattern emerging across the sector. Recently, Kraken appointed Andreas Roussos, a regulatory technology specialist, to lead its Cyprus operations. While Kraken’s Cyprus unit is closely tied to MiFID-regulated activity, the underlying logic appears similar: risk, compliance and licensing expertise is at the centre of expansion strategies.Moving Back to America? Revolut already holds a strong regulatory position in Europe and the UK. In 2025, the fintech became one of the first firms to secure a MiCA licence from the Cyprus Securities and Exchange Commission, with Cyprus serving as the base for its European crypto operations.The fintech was officially added to the UK's Financial Conduct Authority (FCA) list of registered cryptoasset firms in 2022. Yet despite aggressive international growth, there is still one major market where Revolut lacks crypto permissions: the US. In October 2023, Revolut suspended all cryptocurrency services for US customers, citing what it described as an “evolving regulatory environment” amid intensifying scrutiny of the sector by the US Securities and Exchange Commission.American users retained access to Revolut’s banking and fiat services, but could no longer buy, sell or hold digital assets through the platform.Things are changing, though.In March 2026, Revolut filed for a US national bank charter, a move widely interpreted as an attempt to deepen its American presence and reduce reliance on partner banking arrangements.If Revolut becomes a federally chartered bank, it could improve the odds of a crypto return. This article was written by Adonis Adoni at www.financemagnates.com.