Despite making multiple advances in opening their business toward the cryptocurrency sector, payment giants Visa (NYSE: V) and Mastercard (NYSE: MA) have decided to put on hold their further venturing into the sector due to fears over its stability.

As it happens, multiple high-profile collapses of crypto businesses and increased regulatory scrutiny have shaken both companies’ faith in the industry, unnamed individuals with knowledge on the matter have revealed, according to the report by Reuters published on February 28.

In addition to having already made specific steps in crypto adoption, both Mastercard and Visa were planning to launch a number of financial services and products related to cryptocurrencies, which have now been postponed until the market and regulatory conditions improve.