Mastercard and Visa set crypto plans on hold amid market decline Reuters

Mastercard and Visa are holding off on their crypto integration plans in the wake of several turbulent events that have rocked the cryptocurrency space in the last year, according to Reuters. Both card payment firms have previously announced plans to integrate crypto into their network. Visa and Mastercard halting their crypto plans are the latest in a growing trend of mainstream businesses limiting their crypto exposure. Several banks in the U.S. have begun to withdraw services to crypto businesses. Even the major accounting firms have so far chosen not to audit the books of cryptocurrency exchanges in the wake of the FTX collapse.The regulatory environment for crypto in the U.S. may also be another issue for companies like Visa and Mastercard.