Revolut's Crypto Head Leaves as the Firm Sets about Driving Digital Assets

Revolut's head of crypto has left the company for an as-yet unannounced destination. 

Jean Meyer joined the neobank last September as part of Revolut's first acquisition of start-up Wanted, a recruitment marketplace. He progressed from head of product to head of crypto in January, according to his LinkedIn page. Meyer replaced the incumbent head of crypto, Ed Cooper. 

Sources familiar with the matter said Meyer had taken over the post from Cooper months before it appeared on LinkedIn. Cooper is still at Revolut but understood to be in a different role.  

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A well-placed source said the head-of-crypto role is being covered internally. 

The setback comes amid ambitious plans by Revolut to command various aspects of consumer crypto markets. 

This time last year, Revolut became one of the first "non-crypto" firms to give its users greater freedom to move cryptocurrency around, adding a function that meant its users could withdraw bitcoin to personal wallets. 

It is also rumored to be launching its own token, called "Revcoin."

The bank's crypto arm has encountered some regulatory hurdles in the UK in recent months as it struggled to obtain an anti-money laundering license from the Financial Conduct Authority (FCA).  

It is still on the regulator's so-called temporary register, alongside crypto custodian Copper and three other firms.

(Source: The Block)