2024

<a href="https://www.unlock-bc.com/123863/mastercard-crypto-credential-secure-transactions/" class="ek-link" rel="noopener noreferrer nofollow">Mastercard</a> is resuming its payment services on Binance crypto exchange platform. Users can now make crypto purchases, albeit without the option for Mastercard withdrawals, which are anticipated to be available at a later date.
Mastercard’s decision to resume its services comes after a period of cessation due to regulatory challenges faced by Binance. Since August 2023, Mastercard payment services had been unavailable on the exchange. However, the relationship between Binance and Mastercard has now been reestablished, with Mastercard agreeing to allow Binance-related purchases on its network.
A Binance spokesperson mentioned that Mastercard’s decision followed a thorough review of the Binance’s commitment to <a href="https://www.unlock-bc.com/122916/binance-india-regulatory-challenges-market-resurgence/" class="ek-link" rel="noopener noreferrer nofollow">compliance</a>. Mastercard reportedly deemed Binance’s processes and controls satisfactory, leading to the acceptance of crypto-related purchases. While currently limited to purchases, Binance plans to expand its Mastercard services to include withdrawals in the future.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Crypto made easy—buy and sell with ease. <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f90c.png" alt="🤌" class="wp-smiley" style="height: 1em; max-height: 1em;"> Use Mastercard, Visa, or SEPA, for bank transfers, and experience smooth transactions! Try it now <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f449-1f3fb.png" alt="👉🏻" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/shCZx59fi3" rel="noopener noreferrer nofollow">https://t.co/shCZx59fi3</a> <a href="https://t.co/05pzOC3sjh" rel="noopener noreferrer nofollow">pic.twitter.com/05pzOC3sjh</a>— Binance (@binance) <a href="https://twitter.com/binance/status/1798656117880348808?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 6, 2024</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
Mastercard confirmed the resumption of services to Coindesk, emphasizing that ongoing reviews will determine the continuation of Binance-related purchases on its network. This development underscores the growing acceptance of cryptocurrency by traditional financial institutions, offering broader access to crypto assets for Mastercard credit card users.
Amid regulatory challenges, Binance has faced hurdles to achieve compliance. In November 2023, the exchange announced a resolution with U.S. regulators, recognizing its commitment to compliance and signaling a new chapter in its transformation. Additionally, Canadian regulators imposed a $4.8 million fine on Binance following money laundering allegations, leading the exchange to exit Canada due to regulatory concerns surrounding stablecoins.
The post <a href="https://www.unlock-bc.com/124323/binance-welcomes-mastercard-back-crypto-purchases-now-unlocked/" rel="noopener noreferrer nofollow">Binance Welcomes Mastercard Back: Crypto Purchases Now Unlocked!</a> appeared first on <a href="https://www.unlock-bc.com" rel="noopener noreferrer nofollow">UNLOCK Blockchain</a>.

Binance Welcomes Mastercard Back: Crypto Purchases Now Unlocked!

UNLOCK_ENG

Other articles published on Jun 8, 2024

Pepe Doggy (PEPEDOGG) to Rally 14,000% as KuCoin Listing Announced, While Shiba Inu and Dogecoin ...

Qubetics Whitelist in the Depths of Mighty Wealth Creation, Surpasses Solana and TRON

SHIB, NOT Users Seek Safety in MoonBag, the Top Crypto Presale in 2024, After a $0.25 Nov Price F...

Bitcoin: Record high BTC accumulation by whales, will prices follow?

Trump Positions Himself as Crypto Champion, Raises $12 Million at San Francisco Fundraiser

Litecoin Active Addresses Skyrocket by 75%: Will LTC Prices Surpass the $100 Milestone?

Join our free newsletter for daily crypto updates!