Mastercard Receives New York BitLicense for Regulated Digital Asset Operations
By
@cointelegraph
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Summary
Mastercard's US transaction services unit has obtained a BitLicense from the New York State Department of Financial Services (NYDFS), enabling the payments giant to conduct regulated digital asset business in New York. While no new consumer-facing crypto products were announced, Mastercard plans to focus on developing payment and settlement infrastructure for stablecoins and tokenized deposits. The BitLicense is recognized as one of the strictest state-level regulatory frameworks for digital assets.
Key quotes
· 3 pulledMastercard's US transaction services unit has received a BitLicense from the New York State Department of Financial Services (NYDFS), allowing the payments giant to conduct regulated digital asset business activity in the state.
The company announced the license approval on Wednesday, but did not unveil any new consumer-facing crypto products.
Mastercard said it plans to continue developing payment and settlement infrastructure tied to digital assets, focusing specifically on stablecoins and tokenized deposits.
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