qz.com / Shelly Banjo / June 09, 2015
MasterCard is lobbying a UK supervision for increasing law of bitcoin and other digital currencies that poise a hazard to a bequest credit-cards business, as it tries to adapt to a mutation of a payments attention prolonged overdo for change.
“In a stream sourroundings we feel that a risks of digital currencies transcend a benefits,” a association wrote in strongly worded letter, performed by digital banking website Coindesk, in that MasterCard asks the UK supervision for more regulation of crypto currencies.
The letter, sent in response to a UK Treasury’s call for informationlast year, is a latest pointer that established financial companies are holding bitcoin and other digital currencies some-more seriously—and pushing for a turn personification field.
From a letter: