Yes. It's not clear though what requirements WaveCrest had not complied with. Visa either did not have a choice or they exploited a reason to shut WaveCrest down.

I agree with you on embracing cryptocurrencies. As with any new technology and innovation there will be people, corporations and governments that will fight it. This has happened all through history. The Henry Ford's first car, the internet and now crypto. Eventually they will need to accept and embrace it to survive!

Thank you for your reply :)