The proposed rule from the US financial regulator suggested that digital assets like Bitcoin and stablecoins could be subject to similar consumer protections as fiat money.

Cointelegraph

CFPB proposes crypto firms refund users for funds lost to hacks

The U.S. CFPB is looking for public input on proposed rules aimed at protecting consumers against fraud while using crypto.

BizToc

US Consumer Financial Protection Bureau is asking for feedback on new rules to protect crypto users

The US Consumer Financial Protection Bureau (CFPB) has unveiled a proposal that could redefine consumer protections in the cryptocurrency sector. The rule aims to hold crypto service providers accountable for compensating users who lose funds to theft or fraud. US Regulator Unveils Plan to...

CryptoPanic

New US Rule Could Force Crypto Providers to Compensate Fraud Victims

A proposed CFPB rule could allow crypto users to have protections similar to those of US bank account holders by considering the definition of …

Cryptocurrency News | Cryptocurrency Prices | Market Cap

CFPB proposes refunds for crypto theft, extending protection to digital assets like stablecoins.   2024 saw $2.2 billion in crypto thefts, with North Korean hackers responsible for most losses.   CFPB expands “funds” definition, applying traditional consumer protections to digital assets. The U.S. Consumer Financial Protection Bureau (CFPB) has put forth a proposal that would require crypto firms to reimburse users for losses caused by hacks or …

coinstats.app

CoinStats - New Rule Could Force Crypto Firms to Reimburs...

A proposed CFPB rule could allow crypto users to have protections similar to those of US bank account holders by considering the definition of “funds.”

http://coinprofitnews.com

The US Consumer Financial Protection Bureau (CFPB) has proposed a rule to expand consumer protections in the cryptocurrency sector.

BeInCrypto

Hong Kong

The Consumer Financial Protection Bureau Friday issued an interpretive rule and a separate request for information aimed at Big Tech companies, digital payments and crypto assets.

American Banker

Arizent

CFPB seeks input on protections for digital payments, crypto

The Consumer Financial Protection Bureau (CFPB) proposed a new interpretive rule on Jan. 10 that could extend the Electronic Fund Transfer Act (EFTA) protections to crypto wallets, potentially holding them accountable in case of hacks. The proposed rule, currently open for commentary, clarifies how existing EFTA regulations apply to new payment systems, including stablecoins and…

US regulator proposes rule to hold crypto wallets accountable in hacks

The Consumer Financial Protection Bureau (CFPB) is seeking public comment on how existing laws apply to emerging consumer payment mechanisms.

CFPB proposes crypto firms refund users for funds lost to hacks

Coverage Details

Bias Distribution

Ownership

Similar News Topics

Similar News Topics