Demonstrate that the merchant’s and cardholders’ activities comply at all times with any laws identified above.
Identify all relevant laws and other laws applicable to cardholders that may transact with the merchant.
Identify all relevant laws and other laws applicable to the merchant.
The persistence of cryptocurrencies in the payments landscape has confronted acquiring banks with a dilemma: either they start taking on cryptocurrency merchants operating in an only partially regulated space - or watch on the sidelines while their competitors stake their claim in an emerging profitable market.
At its core, regulatory monitoring is an elaborately built and maintained database of legal opinions that encapsulates the legal framework of all relevant jurisdictions concerning cryptocurrencies.
From this, you not only get a comprehensive snapshot of the laws regarding cardholders and merchants on the ground, you are also able to demonstrate the legal viability of the merchant's business model.
Depending on the jurisdiction, our partner law firms assess the legality of the most common business models employed by cryptocurrency merchants.Read the FAQ