Mastercard Secures New York BitLicense for Crypto Operations
Cointelegraph
Mastercard has obtained a New York BitLicense to advance its digital asset infrastructure, focusing on stablecoins and tokenized deposits.Summary
Mastercard’s US transaction services unit has been granted a BitLicense by the New York State Department of Financial Services. This regulatory approval allows the payments giant to conduct regulated digital asset activities within New York. While the company has not announced new consumer-facing products, it plans to leverage the license to develop payment and settlement infrastructure, specifically targeting stablecoins and tokenized deposits. This move aligns with Mastercard’s broader strategy, which includes the recent acquisition of stablecoin infrastructure firm BVNK and experiments with cross-border transactions on the XRP Ledger.
(Source：Cointelegraph)