This piece of news hasn't been discussed much here yet, so what do you think of the Wavecrest debit card shutdown? The official word from VISA is that Wavecrest didn't comply with VISA regulations - but there's no hint at which specific regulations were disattended.
To me, it smells like a few governments put some pressure on VISA to end that service. VISA have been swift to oblige, as they always are as soon as a big actor uses power voice mode. But I might just be a rookie conspiracy theorist...
No need for a conspiracy theory - it's the same as banks blocking transfers to bitcoin exchanges - or closing accounts associated with Bitcoin - or limiting or double checking transfers to exchanges etc. It's just normal risk management. Accounts get hacked every day and once the money is drained off into cryptoland the bank has no way to recover it.