bitcoin

Visa and Mastercard continues support for Binance amidst regulatory nightmare

Payment giants Visa and MasterCard will continue their partnership with Binance despite the ongoing saga between the crypto exchange and financial regulators in some countries.

The payment platforms confirmed to Financial Times that they will continue to support payments to Binance. However, Visa and Mastercard are closely observing the situation.

Visa said it is “aware of the recent FCA statement regarding Binance” and engaged in “dialogue with Binance to monitor developments.” 

Mastercard aligns itself with that line of thought also as it continues to observe proceedings. 

NEXT: US Govt. set up Task Force to curb Crypto ransomware attacks

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