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Marcus Sotiriou, Analyst At a Listed Digital Asset Broker global block (TSXV:BLOK).
Bitcoin remains low volatility so far this week, around $21,300, but institutional interest is ‘very high’ bit stampIn an interview published Monday, Bitstamp’s global CEO Jean-Baptiste Graftieaux said, “Many institutional investors are considering their first move to cryptocurrencies.” mentioned a customer of
The CEO also commented on regulation, stating: The main risk here is that regulation is prudent and promotes a level playing field.
He pointed out that cryptographic service providers wishing to do business in Europe must register separately in each country. Virtual Asset Service Provider (VASP)each country has its own requirements.
however, MiCA of the European Commission (Markets for Crypto Assets) The proposal is expected to come into force in the next 1-2 years and means that there will be one country that can establish MiCA compliant activities and carry out these activities across the rest of Europe. To do. Country. This helps provide a holistic framework for the European cryptocurrency industry.
Mastercard has partnered with Binance to launch a crypto prepaid card in Argentina, so it is working on how it can be part of the race to mass global adoption of crypto. It says it will allow people to use the cryptocurrency at over 90,000,000 stores. With this card, cryptocurrencies are converted to fiat currency in real-time upon purchase, and cardholders can earn 8% cryptocurrency cashback on all eligible purchases.
MasterCard’s plans to integrate cryptocurrencies could be eye-opening for competitors like Visa, which may follow in MasterCard’s footsteps to lead the payments industry in this space.
