Mastercard Bags NY BitLicense to Power Next-Gen Crypto Settlements

The post Mastercard Bags NY BitLicense to Power Next-Gen Crypto Settlements appeared first on Coinpedia Fintech News

The New York State Department of Financial Services (NYDFS) has officially granted Mastercard a BitLicense to legalize its venture into crypto payments. The license, introduced in August 2015, is considered the “gold standard” for cryptocurrency oversight. It holds the strictest requirements for compliance, cybersecurity, and consumer protection in the industry.  With it, Mastercard can now …