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Guavy AI Editorial Team••Sentiment: 3•Clout: 82

Mastercard Secures Crucial Regulatory Approval for Crypto Infrastructure

MEW

Mastercard has secured a crucial regulatory hurdle in the US digital asset market with the grant of a BitLicense by the New York State Department of Financial Services (NYDFS).

This approval allows Mastercard to legally conduct virtual currency business activities in New York, a significant development for its regulated crypto infrastructure ambitions.

The NYDFS BitLicense is considered one of the strictest regulatory frameworks in the US, requiring applicants to meet comprehensive requirements across consumer protection, cybersecurity, financial integrity, and operational resilience.