Big Law
Mastercard Acquires the Crypto Intelligence Company CipherTrace
Mastercard, the US-based financial services firm, recently announced that the company is planning to acquire CipherTrace, one of the leading crypto intelligence companies, to enhance its capabilities in the field of digital assets.
The terms of the deal were not disclosed, and the transaction is expected to close before the end of 2021. In the recent announcement, Mastercard highlighted the growing adoption of cryptocurrencies.
The financial services provider outlined the importance of trust and security in crypto transactions and mentioned that the new integrated offering will support businesses through greater transparency. Users will be able to manage regulatory and compliance obligations related to digital assets.
