Mastercard and Visa End Cooperation with Binance
Main page News, Visa, Mastercard, Cryptocurrency Exchanges, Binance

Mastercard and Visa have stopped issuing crypto payment cards for Binance due to regulatory issues with the platform, Bloomberg has reported.

Visa has reportedly suspended the launch of joint products in Europe since July, while Mastercard intends to completely discontinue its partnership with Binance in September.

Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange

The CFTC filed a civil lawsuit against Binance back in March accusing the platform of violating rules for derivatives trading by operating without proper registration.

In June, the SEC filed a total of 13 charges against Binance and its CEO, Changpeng Zhao.

The platform has run into trouble in Europe as a result of regulatory pressure in the US For example, Binance has withdrawn license applications in the UK, Austria, Cyprus and has announced it is leaving the Dutch market.

Read also:
Please describe the error