CandleFocus Visa and Mastercard Received ‘Scrutiny’ Threats Over Libra Ties: Details
2024-12-01
Author: Content Editor
The news article highlights that Operation Chokepoint 2.0, a regulatory crackdown, not only affected the cryptocurrency industry but also had an impact on major technology companies such as Visa and Mastercard. Balaji Srinivasan, the former CTO of Coinbase Exchange, revealed that US lawmakers had sent a letter to these companies requesting them to withdraw support from the Meta-backed Libra project. This reveals that the regulatory concerns surrounding cryptocurrencies extend beyond crypto-specific companies to other large players in the tech and finance industries.
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