Mastercard acquires CipherTrace, gaining control of cryptocurrency compliance solutions.

Mastercard announced the acquisition of cryptocurrency intelligence company CipherTrace to enhance its capabilities in the digital asset space and gain a better understanding of regulatory and compliance obligations.

Mastercard announced the acquisition of the cryptocurrency intelligence firm CipherTrace to enhance its capabilities in the digital asset space and better understand regulatory and compliance obligations.

Mastercard has taken another significant step in the cryptocurrency and digital asset space. In addition to expanding its collaborations in the credit and debit card space with cryptocurrencies like Gemini and BitPay, Mastercard is now actively integrating its position in the crypto field through acquisitions such as CipherTrace.

CipherTrace is a blockchain intelligence company that can provide insights on over 900 cryptocurrencies.

Through the acquisition of CipherTrace, it is evident that Mastercard's ambitions extend beyond traditional credit card-related financial services. Mastercard plans to integrate CipherTrace's business into its digital asset network security solutions. In July, Mastercard's CEO hinted at becoming a partner in stablecoins and central bank digital currencies.

The specific terms of Mastercard's acquisition have not been disclosed, with the completion of the acquisition expected by the end of the year.

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