🥹Mastercard and Visa resume cryptocurrency payments and deposits service on Binance

🥹Mastercard and Visa resume cryptocurrency payments and deposits service on Binance

Withdrawals with Mastercard are yet to be reinstated, but it's expected to happen sooner or later.

🔤 The ability to purchase cryptocurrencies on Binance with a Mastercard was suspended in August 2023... Mastercard itself halted it—under pressure from the U.S. Securities and Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC).

🔤 After Binance implemented special processes for stricter control over operations, and regulators showed leniency, Mastercard hurried back. Furthermore Visa resumed its partnership with the exchange.

🔤 Let's remember that Mastercard just launched a pilot service for cryptocurrency transfers using pseudonyms instead of long and complex blockchain addresses.

#news #USA #crypto

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