Visa has announced that it will suspend the issuance of new Binance cards following reports of regulatory concerns surrounding Binance’s virtual currency exchange platform. At the same time, Mastercard has reportedly ended its partnership with Binance, according to a confidential email shared by an employee. Binance has faced growing scrutiny from regulators worldwide in recent months, prompting some financial institutions to distance themselves from the company. The move by Visa and Mastercard is likely to have a significant impact on Binance’s business operations, as the two financial services providers are among the largest payment processors in the world.
Source: https://coinpedia.org/crypto-live-news/visa-and-mastercard-halt-binance-partnerships-over-regulatory-concerns/