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Guavy AI Editorial Team••Sentiment: 3•Clout: 60

Mastercard Secures New York Virtual Currency License

MEW

Mastercard has taken a significant step forward in its digital asset infrastructure strategy by securing a New York Virtual Currency License.

The license, granted to Mastercard Transaction Services (US) LLC, places the company within the BitLicense framework, one of the strictest crypto licensing regimes in the US.

This approval is timely, as stablecoins are rapidly gaining traction in various sectors, including consumer finance, merchant settlement, remittances, and business payments.