Are Mastercard and VISA Cutting Out Unregulated Crypto Brokers and ICOs?

On October 12, Finance Magnates reported that payment giants Mastercard (NYSE:MA) and VISA will both soon group cryptocurrency and Initial Coin Offering (ICO) jurisdictions in a new “high risk” category.

According to the publication’s undisclosed sources, the ban will be applied to brokers who operate “from unregulated or loosely regulated environments,” and therefore have no license that would show that proper due diligence has been applied to their business. The action reportedly deals with forex, binary, cryptos, and ICOs.

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