Quote from: qiman on September 06, 2017, 01:07:49 PM

Quote from: rajravind on September 06, 2017, 01:03:32 PM

Quote from: CLOCk_counter on September 06, 2017, 12:15:23 PM

Quote from: JamesCooper on September 05, 2017, 09:51:52 PM

Hi everyone, i'm a full MCO supporter from Italy (Black Card reserved from ICO).

I've read about XAPO closing all debit cards for all users outside Europe.
This will be probably extented to other companies using Wavecrest services.
It's clear now that the Wavecrest thing is not an option for MCO so they can't fail.

To me, a full Visa support seems to be not easy to get, because you need very good credentials (a structured business) and also because this crypto thing could make those boring banking guys obsolete.

What is your opinion?

Why Xapo and other companies didn't apply for Visa issuing collab?

By the way, i remain optimist on the long-term view of MCO.

What the hell is wrong with the stupid Visa ! They are just making restrictions instead of making business and offering convenience to people. There is so much money to make for them out of crypto cards and they throw such a restrictions.

https://news.bitcoin.com/bitcoin-debit-cards-non-european-residents-visas-new-rules/

Can anyone please clarify what could be the reason for this?

Perhaps bcos money laundering maybe
They will figure out how to settle this soon bcos Europe alone won't contribute much to their profit.
This news was released 5 days ago anyway

Here in Europe money laundering rules are very strict. Here my wife just put in 6k USD in her bank from her crypto activities for the whole year and they were asking her a ton of questions. Yet all the big drug dealers and criminals get away with laundering millions every day. They only want to control the little people.

If you want to money laundering with Bitcoin, you can create deal directly if you know big exchanger.
Of course, it will look like as FIAT and do not better Dollar for criminals.