Analysis: Can Cryptocurrency Offer a Payments Lifeline to Brokers?

[kreslik.news]

With all the furore surrounding the European Securities and Markets Authority’s (ESMA) ban on binary options and crack down on contracts-for-differences (CFDs), its been easy to forget another serious problem in the retail trading industry – payments.

As far back as 2016, VISA began to prohibit binary options firms from taking payments via their systems. More recently, and more worryingly for brokers, MasterCard has started to take steps that suggest it will be blocking payments processors from working with unregulated FX and Contracts-For-Differences (CFDs) brokers.

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In April of this year, the ... (read more)