Payments giant Mastercard to end crypto card partnership with Binance
As of 22 September, Mastercard will be ending its four pilot co-branded Binance card programmes.
News, intelligence and resources on the global fintech industry including topics such as bitcoin.
As of 22 September, Mastercard will be ending its four pilot co-branded Binance card programmes.
The move comes amid major regulatory enhancements for crypto set by the Canadian financial regulator.
A new cartoon illustrating how the crypto community is starting to believe we’re at the start of another bull market.
The framework comes a year after the FSB called for regulation of the crypto industry on an international level.
The US regulator has filed charges against both firms this week amid a crackdown on crypto.
Binance says it is joining other “prominent” crypto businesses in “proactively withdrawing” from Canada.
The proposed bill aims to increase transparency, eliminate conflicts of interest and protect victims of fraud.
The move comes just weeks after the firm announced it would be shutting down operations in the US.
CBDCs promise much, but their cost when it comes to privacy could be dear.
OKX says the move is “temporary and we are working with regulators to solve this issue”.