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Bitcoin Escapes ‘Stifling’ Consumer Protection Authority’s Prepaid Regulation

The CFPB, the government agency overseeing consumer protection in the financial sector has not included bitcoin and other virtual currencies and related products from its new prepaid regulatory requirements. Virtual currencies like bitcoin and related products are outside the scope of a newly amended prepaid regulation [PDF] by the Bureau of Consumer Financial Protection (CFPB), a […]


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Source: Bitcoin Escapes ‘Stifling’ Consumer Protection Authority’s Prepaid Regulation



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