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US Consumer Protection Agency Might Introduce E-banking Laws to Digital Assets

The director of the Consumer Financial Protection Bureau (CFPB) disclosed that the agency is considering transplanting e-banking laws to digital assets. Speaking at the Bookings payment conference on Oct 6, Rohit Chopra...

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US Consumer Protection Agency Might Introduce E-banking Laws to Digital Assets
The director of the Consumer Financial Protection Bureau (CFPB) disclosed that the agency is considering transplanting e-banking laws to digital assets. 
Speaking at the Bookings payment conference on Oct 6, Rohit Chopra said that the agency might apply the Electronic Fund Transfer Act (EFTA) to protect investors and users in the crypto ecosystem. 
According to him, to create a safe space for users, the CFPB mulls rolling out traditional finance measures for virtual assets. ...
Read More: US Consumer Protection Agency Might Introduce E-banking Laws to Digital Assets

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