CFPB Could Demand Consumer Protections for Digital Wallets

By November 14, 2014Bitcoin Entertainment

The Consumer Financial Protection Bureau (CFPB) has published a set of proposals that could impact cryptocurrency users.

Its 870-page report, published 13th November, is largely focused on prepaid debit cards, but some provisions in the document may apply to cryptocurrency wallets too. Regulations may apply to all digital wallets

The bureau is still seeking comment on its proposed definition of ‘prepaid accounts’ and admits that the document remains a work-in-progress.While most of its proposal deals with […]

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