Blog Archives

Consumer Financial Protection Bureau releases virtual currency warning, will create complaint center

Posted on 11th August, 2014

The Consumer Financial Protection Bureau (CFPB) issued a new advisory today focused on bitcoin and other digital currencies. The report is similar in content and tone to many consumer-focused warnings published by regulatory bodies across the globe over the last year, with a focus on potential scams, security issues and other well-known cryptocurrency dangers. The […]

Report: Consumer Financial Protection Bureau may become bitcoin watchdog

Posted on 27th June, 2014

In May, the Government Accountability Office (GAO) drafted a confidential report about the increasing need for meaningful digital currency policies. The GAO report suggested that the Consumer Financial Protection Bureau (CFPB) be tasked with the job. The agency was created in the wake of the 2007 financial crisis, and is already tasked with handling thorny […]