Mastercard obtains New York BitLicense, increasing its investment in stablecoins and tokenized deposits
Prefer us on Google
According to CoinDesk, Mastercard Transaction Services (U.S.) LLC, a subsidiary of Mastercard, has been granted a BitLicense by the New York State Department of Financial Services (NYDFS), allowing it to conduct digital asset-related business in the state. This approval is part of its strategy to build a blockchain-based payment and settlement infrastructure, focusing on stablecoins and tokenized deposits.
The New York BitLicense requires licensed institutions to meet strict standards in areas such as capital, cybersecurity, compliance, and consumer protection. Mastercard stated that this license will support its layout in digital currencies such as stablecoins and tokenized deposits, while continuing to adhere to the compliance and operational standards of its global payment network, promoting the parallel development of traditional financial systems and blockchain payment tracks.
-- Price
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like
Citadel Reduces Total Risk of AI Fund by Over 80%
Bercy Plans to Extend the Surcharge on Large Companies
U.S. Short-Term Treasury Debt Accounts for 23% of Tradable Debt, VanEck Attributes Bitcoin Surge to Fiscal Concerns
FTC Demands Investigation into AI Companies' Book Acquisition Methods
BitMartf Announces Restructuring and Business Recovery Plan
predict.fun Launches Prediction Market for Honor of Kings Professional League
Kraken Aims to Become a Bank
Europe's AI Infrastructure Lags Behind the U.S., Gap May Widen
Jin Air Decides to Merge with Air Busan and Air Seoul
Ministry of Finance's Budget Expenditure Exceeds 30 Trillion Yuan for the First Time
Samsung Electronics Finished Products Union Holds Rally of 3,000 Members to Protest Bonus Disparity
Qianhe Yibang's Global First 4-Layer 3D DRAM Chip Successfully Lights Up
Pennsylvania Strengthens Development Standards for Data Centers Exceeding 25MW
CJ Olive Young Installs K-Beauty Displays in 580 Sephora Stores in the U.S.
China's Zhongke Fifth Epoch Secures Over 1 Billion Yuan in Investment
Canaan reports Ethiopia mining paused at 4.96 EH/s in July
GnoLand Unveils AI Tool and Security System 'GnoMCP'
Japan's Core Machinery Orders Increase by 9.7% in June
Scaramucci Claims Bitcoin Bear Market Decline of About 55% is Below Historical Levels
Operations Halted at Two Grain Terminals in Novorossiysk
Bhutan Government-Linked Wallet Moves 300 Bitcoins
OpenAI's GPT-6 Model Astra Likely to Release by September 30
Google Acquires Spirit Airlines Data for $10 Million
Taiwan Offers 300 Euros to Every Citizen
DMND Integrates Mempool Accelerator for Miner Revenue Sharing
U.S. Crude Oil Inventories Fall to 712 Million Barrels, Lowest Level Since 1984
Attacks on Wildberries Warehouses Reduced Pickup Point Revenue by 30-40%
U.S. State Department Advises Citizens in the Middle East to Prepare for Evacuation
NVIDIA Releases Video Codec SDK 13.1 with New Features
DK's Probability of Defeating HLE Reported at 34%
Citadel Reduces Total Risk of AI Fund by Over 80%
Bercy Plans to Extend the Surcharge on Large Companies
U.S. Short-Term Treasury Debt Accounts for 23% of Tradable Debt, VanEck Attributes Bitcoin Surge to Fiscal Concerns
FTC Demands Investigation into AI Companies' Book Acquisition Methods
BitMartf Announces Restructuring and Business Recovery Plan
predict.fun Launches Prediction Market for Honor of Kings Professional League
