Mastercard Inc (NYSE:MA) is one of the most profitable crypto-exposed stocks to buy now.
On May 27, Mastercard Inc (NYSE:MA) announced that it has been granted a BitLicense in New York
The company cast this approval as a boost to its digital asset business ambitions, saying it demonstrates its commitment to meeting high regulatory standards. Bornfree / Mastercard said the BitLicense offers regulatory clarity, and that this helps build trust and confidence in digital assets. This license is only granted to companies that meet strict regulatory requirements around consumer protection, cybersecurity, and operational resilience in crypto-related operations.
According to Mastercard, the BitLicense particularly aligns with its business strategy around stablecoins and tokenized deposits. This comes as the company continues to push deeper into the crypto-based payment and settlement space. As part of this effort, Mastercard is currently in the process of acquiring London-based stablecoins infrastructure provider BVNK for $1.8 billion.