US Consumer Protection Agency Asked to Boost Bitcoin Oversight
The Consumer Financial Protection Bureau has been asked to take a more active role in digital currency oversight.
The U.S. government needs to develop reasonable regulations around the nascent cryptocurrency space, said OMB director Mick Mulvaney.
The Consumer Financial Protection Bureau (CFPB) has published a set of new proposals that could an impact cryptocurrency users.
The CFPB is launching a regulatory sandbox to encourage innovation in new tech such as blockchain, acting head Mick Mulvaney announced Wednesday.
The leading consumer financial watchdog agency in the US lists bitcoin's risks, but ignores its many superior protections.
The US Consumer Financial Protection Bureau will now receive consumer complaints against bitcoin businesses.