Issuers of the bitcoin card payment systems VISA and MasterCard will face more stringent requirements. The changes will affect companies operating in such fields as Forex, binary options, crypto-currencies and ICO. It is reported by the Finance Magnates, citing informed sources.
In April, MasterCard has classified the above listed areas as high-risk. In particular, the company was established in 540 days the period of appeal against the transaction by the issuing Bank.
Soon similar requirements established by VISA. The company sent the payment to the operators of the letter, which stated that the above areas are associated with increased risk.
The new changes concern, first and foremost, operators working in jurisdictions with uncertain legal field. Thus, the difficulties relate primarily to offshore and other inadequately regulated companies. Some brokers and exchanges have already notified their customers about the suspension of payments with payment cards.
Finance Magnates also notes that the new requirements MasterCard implementeret on Monday. Changes to VISA cards will take effect in December. Payment operators have suspended relationships with some customers until then, until you find a viable alternative.
We will remind, in the end of last year the problems with debit cards MasterCard touched non-EU nationals. Soon, a similar step was taken by Visa.