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The principle behind Mastercard’s CipherTrace acquisition, L1 growth, and IRS getting your bank data
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The principle behind Mastercard’s CipherTrace acquisition, L1 growth, and IRS getting your bank data

The principle behind Mastercard’s CipherTrace acquisition, L1 growth, and IRS getting your bank data

Fintech Nexus Staff·
civilization and politicsCryptoexchanges / cap mktspaytechregulation & compliance
·Sep. 13, 2021·1 min read

Paying attention is the path to seeing and doing. Mastercard has bought CipherTrace to see blockchain-based finance, to launch new businesses, and to plug in more networks into its nexus. The crypto networks proliferate at every layer, creating more computation on Ethereum, Polygon, Arbitrum, Optimism, Fantom, and Solana. The US executive seeks to see more too, asking the banks for their records of financial transactions to enforce taxation compliance.

  • Fintech Nexus Staff
    Fintech Nexus Staff

    This piece was created by one of our content team members. Reach us at [email protected]

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American Bankers AssociationArbitrumBank Policy InstituteChainalysisCipherTraceConsumer Bankers AssociationethereumFantomFinicityIRSMastercardOptimismPlaidPolygonSolanaVisa
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