Visa and Mastercard Halt New Crypto Partnerships, Reuters
Amid worries about the regulatory environment, Visa and Mastercard allegedly put a hold on their plans to form new partnerships with cryptocurrency companies. The payment processing giants are concerned about the potential regulatory backlash if they partner with cryptocurrency companies working in nations with murky or stringent crypto regulations, according to sources familiar with the situation. Although both businesses have previously expressed interest in cryptocurrencies, new regulatory uncertainty is said to have made them more cautious. The cryptocurrency sector has been working to increase acceptance and integrate into the established banking system, so the news is probably a setback for it.
