Bitcoin debit card Shakepay must stop service to non-EU residents

Bitcoin debit card provider Shakepay has joined fellow card service Xapo in stopping the issuance of debit cards to residents outside of European territory.

Xapo promulgated these changes last week at the acknowledgment of new requirements coming from Visa. Likewise, ShakePay stated that its partner bank is being nudged by Visa to immediately halt issuing cards to residents living outside of Europe.

All Shakepay users outside of the Visa European network countries will have their cards deactivated on October 15th, 2017. 

As a result of these changes, any new sign-ups to Shakepay will be required to have proof of residence from the following list of European Visa network countries:

Andorra
Austria
Belgium
Bulgaria
The Canary Islands
Croatia
Cyprus
Czech Republic Denmark
Estonia
Finland
France
Germany
Gibraltar
Greece
Greenland
Guernsey
Hungary
Iceland
Ireland
The Isle of Man
Israel
Italy
Jersey
Latvia
Liechtenstein
Lithuania
Luxembourg
Madeira
Malta
Monaco
The Netherlands
Norway
Poland
Portugal
Romania
San Marino
Slovakia
Slovenia
Spain
Sweden
Switzerland
Turkey
The United Kingdom
The Vatican

Unfortunately, the Shakepay team said that the EU-only list now excludes most of their staff. Lastly worth mentioning, for those getting their cards deactivated, Shakepay is offering the choice to have their balances refunded in crypto, more details are available on the Shakepay website.

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