Revolut has just got a provisional bank license in the UK, as such it is changing its T&C's to reflect this.
I just received an email from them with this text below:
I thought the £85K protection was a guarantee, not a possible eligibility?
Is this the reality with all UK banks?
#asknostr 
What guarantee? Did the founder of the FSCS go on record saying if it ever fails and whoever's in charge of it is not imprisoned, then instead they should be shot?
Here in the US, our banking system is run by the kind of people who deny accountability for everything. Cops won't arrest them for crimes and society upholds the idea that if you shoot them to compensate for the lack of arrests, that somehow means you should be arrested. There are no guarantees for anyone, there's just a life or death free for all triggered by bloodthirsty people so powerful they've stopped us all from escaping their game. I assume it's the same in the UK
Might be something to them realising their shitcoin and Bitcoin on exchange casino may have created many more future liabilities which they may not be able to cover.
I know the guarantee (or eligible compensation) doesn’t include their Crypto holdings which are covered by a separate insurance policy.
