Mastercard Resumes Crypto Purchases on Binance

Mastercard reinstates cryptocurrency purchases on Binance, following a suspension since August 2023

Binance's legal challenges in the U.S. coincided with the suspension by card networks, suggesting a regulatory link

Rigorous controls prompted Mastercard's decision, with plans for additional services in the future

 Mastercard's restoration is conditional, subject to ongoing reviews for compliance

Visa and Mastercard's interest in crypto highlights a broader trend of traditional finance embracing Web3 and self-custody wallets