TLDR Crypto · MARKETS & BUSINESS

MASTERCARD, BINANCE TO END CRYPTO CARD PARTNERSHIP

reuters.com2 min read

Summary from the TLDR Crypto newsletter

Mastercard and crypto exchange Binance will terminate their cryptocurrency card programs in Argentina, Brazil, Colombia, and Bahrain from September 22. The cards enabled payments in traditional currencies using cryptocurrency holdings. The termination will not affect Mastercard's other crypto card initiatives. This move comes amidst Binance facing ongoing regulatory challenges, including a US lawsuit for alleged deceptive practices.