MasterCard to ban issuing BTC prepaid cards outside EU

Non-residents of the EEA will no longer be able to use Bitcoin-cards from MasterCard
14 October 2017   2240

Lately, Visa announced it would suspend all crypto debit cards outside of the European Economic Area (EEA).

Now, it seems like MasterCard is to do the exact same thing. Existing cards will remain active for three more months, after which point they will be blocked automatically.

This news affects a lot of companies involved in the cryptocurrency debit card industry. Advcash, for instance, has already informed its customers that it cannot offer plastic and virtual cards to users in countries outside the EEA.

We regret to inform you that starting today due to recent Mastercard policy changes Wave Crest Holdings, our card provider, is unable to offer plastic and virtual cards to users in countries outside the European Economic Area (EEA). At the moment, we do not issue new Advanced Cash cards to countries outside the EEA/SEPA zone. Existing cards issued to non-EEA countries will remain active for 90 more days, after which they will be blocked. We are working to keep offering our cards to countries where we have the most users despite these policy changes. We will be able to tell you more about this at a later stage.We apologise for any possible inconvenience in this regard.
 

Advcash team

All existing cards belonging to people outside the EEA will remain active for another 90 days. After that time, MasterCard will block the cards automatically. Any remaining funds on one’s card must either be spent or withdrawn through the card issuer before that time. It will become impossible to register for such cards as a non-EEA citizen from now on.

BTC Invesment Profitability to Exceed Traditional Assets

This conclusion was made by Binance Research team in study "What Bear Market?"; since begining of the year the BTC has grown by more than 50%, while oil by 33%
08 May 2019   320

Since the beginning of the year, Bitcoin has grown faster than traditional market assets, including oil, technology companies, real estate and gold. This conclusion was made by Binance Research in the new study "What Bear Market?"

Since the beginning of the year, the price of Bitcoin has grown by more than 50%, while oil - by 33%, tech stocks - by 18%. The price of gold in five months slipped by 1%.

Recently, however, some factors have emerged that may put pressure on the price of Bitcoin. Thus, the recovery of BTC growth slowed down somewhat amid news of a hacker attack on the popular Binance exchange itself, as a result of which 7,000 BTC ($ 40.5 million) were stolen.

Another potentially negative factor for the price of Bitcoin could be the upcoming IEO of the Bitfinex exchange, where Tether stablecoins will be used to purchase LEO tokens for $ 1 billion. It can lead to situation when large players can may actively sell BTC.