Monaco’s Cryptocurrency Debit Card Gets Visa Approval in Singapore

Any company issuing a cryptocurrency debit card will face an uphill battle these days.

More specifically, there have been new restrictions by both Visa and Mastercard when it comes to issuing such cards outside of the EEA.

In a surprising turn of events, Monaco – who recently held a cryptocurrency ICO – got their card approved by Visa.

While it is true Monaco has received approval from Visa to effectively issue their cryptocurrency debit cards, there are certain limitations to take into account.

For the time being, this card can only be issued to people living in Singapore.

It is not necessarily the course of action the Monaco team would have liked, even though it is still a very important first step when looking at the bigger picture.

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