Friday, April 10, 2020

Why money laundering risk is very real with crypto cards

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Coinbase, the world’s most centralised decentralised crypto exchange/wallet broker/dealer, revealed in April that it had partnered with Paysafe and Visa to bring customers a crypto-funded credit card in the UK.

This was big news in the world of crypto.

Many outfits have in the past tried to launch cryptocards before but failed(often due to the unofficial and roundabout way they’ve gone about issuance or for compliance reasons).