Proposal by the South African financial regulator to treat crypto assets as financial instruments

Block today announced that payment giants Visa and MasterCard are stepping up their oversight of cryptocurrency companies over other card issuers. Before agreeing to provide crypto services to customers, Visa and MasterCard's crypto partners must provide detailed information about fraud and money laundering. Wirex CEO Pavel Matveev said Visa would use tools like Chainalysis and Elliptic to analyze its own business to determine if those businesses are coming from the "right place."