Bitcoin card issuers of VISA and MasterCard payment systems will face more stringent requirements. The changes will affect companies operating in areas such as Forex, binary options, cryptocurrency and ICO. It is reported by Finance Magnates , citing informed sources.
In April, MasterCard classified the areas listed above as high-risk. In particular, the company set a period of protest of a transaction by an issuing bank at 540 days.
Soon, similar requirements were established by VISA. The company sent letters to payment operators, stating that the above areas are associated with increased risk.
The new changes concern, first of all, the operators working in jurisdictions with an uncertain regulatory field. Thus, the difficulties will affect primarily offshore and other under-regulated companies. Some brokers and exchanges have already notified their clients about the suspension of payments from payment cards.
Finance Magnates also notes that the new requirements will be implemented by MasterCard on Monday. Changes for VISA cards will take effect in December. Payment operators are already suspending relationships with some customers until they find a viable alternative.
Recall that at the end of last year, problems with servicing MasterCard debit cards affected non-EU residents. Soon a similar step was taken by Visa .
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