On Visa and Coinbase Pioneering Crypto Card
Quote from Ndubuisi Ekekwe on June 1, 2019, 8:09 AMVisa is working together with Coinbase for a crypto card that will be used in UK. The card will allow customers to “spend funds from your cryptocurrency wallets” anywhere Visa is accepted. Spending limit is about £10,000 monthly with option to expand to £20,000.
This invites the question of how Coinbase was able to satisfy anti-money laundering and “know-your-customer” regulations. The regulatory environment around crypto has been evolving, and some wallet providers and exchanges now operate with official blessing under specially-devised compliance rules. But most still exist in regulatory vacuums, and criminals who are technically sophisticated can operate wallets without any oversight at all.
Visa is working together with Coinbase for a crypto card that will be used in UK. The card will allow customers to “spend funds from your cryptocurrency wallets” anywhere Visa is accepted. Spending limit is about £10,000 monthly with option to expand to £20,000.
This invites the question of how Coinbase was able to satisfy anti-money laundering and “know-your-customer” regulations. The regulatory environment around crypto has been evolving, and some wallet providers and exchanges now operate with official blessing under specially-devised compliance rules. But most still exist in regulatory vacuums, and criminals who are technically sophisticated can operate wallets without any oversight at all.
Quote from Tell on June 8, 2019, 3:09 PMThat is just amazing, however I though that it's something about Africa not the United Kingdom, but I do hope that technologies will simply be much more integrated at our home than they are now actually is. Let's hope it will be much more sooner.
That is just amazing, however I though that it's something about Africa not the United Kingdom, but I do hope that technologies will simply be much more integrated at our home than they are now actually is. Let's hope it will be much more sooner.