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27 July 2021

Visa, Mastercard Monitor Binance's Regulatory Compliance as More Regulators Scrutinize the Crypto Exchange – Bitcoin News

Visa, Mastercard Monitor Binance's Regulatory Compliance as More Regulators Scrutinize the Crypto Exchange – Bitcoin News


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Payments giants Visa and Mastercard say they are monitoring Binance’s regulatory compliance developments as more regulators come after the global crypto exchange for operating in their countries without authorization.

Visa and Mastercard have not severed ties with cryptocurrency exchange Binance despite rising regulatory scrutiny.

The two payments giants have not blocked Binance and cardholders can still use Visa and Mastercard to deposit funds into their accounts at the exchange.

The Binance card, available in many European countries, is issued by Contis, a company that provides payments services in the EU through an e-money license from Lithuania’s central bank.

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