Australian crypto exchange BTC Markets has partnered with Mastercard to allow its customers to make direct debit, prepaid or credit card payments to purchase cryptocurrencies from the platform.
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- The move is part of a broader trend by payments giants like Mastercard and Visa to incorporate cryptocurrency functionality into their services.
- Last year, Mastercard partnered with CoinJar to launch one of the country’s first crypto payment cards backed by an Australian cryptocurrency exchange.
- The Aussie crypto industry is bracing itself for a broad regulatory sweep, following a wave of proposals from politicians to regulate and tax the industry.
- Australia is scheduled to announce the 2022 federal budget to reveal the government’s plans for the nation on Tuesday, March 29.
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