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VISA and Mastercard reclassify Bitcoin as a currency

4 pointsby arosierover 7 years ago

1 comment

arosierover 7 years ago
Interesting that VISA and Mastercard have the legal right to classify a purchase as a currency without informing their users. Going against the IRS notes on Bitcoin being personal property. The implications of this classification in VISA and Mastercard's eyes are substantially different terms for their users, notably in the interest rates and credit limitations of cash advances.