Are Mastercard and VISA Cutting Out Unregulated Crypto Brokers and ICOs?
Cointelegraph
Published Jan 01, 0001 00:00
Updated Oct 18, 2018 22:45
On October 12, Finance Magnates reported that payment giants Mastercard (NYSE:MA) and VISA will both soon group cryptocurrency and Initial Coin Offering (ICO) jurisdictions in a new “high risk” category.
What are the consequences for those ‘high risk’ merchants?According to the publication’s undisclosed sources, the ban will be applied to brokers who operate “from unregulated or loosely regulated environments,” and therefore have no license that would show that proper due diligence has been applied to their business. The action reportedly deals with forex, binary, cryptos, and ICOs.
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Written By: Cointelegraph
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