VISA and MasterCard tighten the requirements for the issuers of the bitcoin cards
In particular, this will affect the organizations which work with Forex, ICO and cryptocurrencies.
Already this spring, MasterCard considered these areas to be a high risk activity and set the period of opposition to the transaction by the issuing bank at 540 days. Then the same framework was set for the customers VISA.
Now the changes concern the operators who are with an uncertain regulatory field – these are the offshore and other unregulated companies. Some brokers and exchanges have already informed the clients about the temporary suspension of payments from the payment cards.
The changes for the MasterCard cards entered yesterday (on October 15), but for the VISA cards – will be adopted in December.