Consumer Protection

Basel, Switzerland.
TradFi Fights for Tougher Crypto Rulebook in Wake of FTX Collapse
Traditional finance players want new international rules to stop FTX-style conflicts of interest, but the crypto industry warns of crimping blockchain benefits
Basel, Switzerland.

CDCROP: European Union flag (Getty Images)
EU's ESMA Raises Alarm Bells Over Growing Crypto Use as It Prepares for New Powers
The European Securities and Markets Authority is worried about consumer rip-offs as well as novel risks like hacks and consensus manipulation
CDCROP: European Union flag (Getty Images)

The Reichstag, German Parliament Building
No Safety Net From Crypto Collapses, German Regulator Warns
The financial regulatory authority for Germany, BaFin, has toughened warnings about consumers potentially losing all their crypto investments, unlike holdings with regulated banks.
The Reichstag, German Parliament Building

CoinDesk - Unknown
Former CFTC Chair: Stablecoins similar to Terra’s UST Need ‘Very Strict’ Regulation and Consumer Protection
Former CFTC Chairman Timothy Massad comments on the Terra LUNA fiasco and why he suggests “very strict” regulation and consumer protection on similar algorithmic stablecoins. Plus, the impact of Tornado Cash’s sanctions on future regulation.
CoinDesk - Unknown

CDCROP: NFT regulation being discussed at Korea Blockchain Week, Seoul (Cheyenne Ligon/CoinDesk)
NFT Collections Will Be Regulated Like Cryptocurrencies Under EU’s MiCA Law, Official Says
A carve-out for ownership tokens may prove narrow, meaning issuers have to publish white papers.
CDCROP: NFT regulation being discussed at Korea Blockchain Week, Seoul (Cheyenne Ligon/CoinDesk)

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Stablecoins Could Still Dominate Post-Terra, S&P Says
Not all stablecoins are alike, analysts note, but regulations may be needed to precipitate audits and investor fairness.
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FTC / Flickr
Consumers Lost Over $1B to Crypto Fraud Since January 2021, FTC Says
Crypto is quickly becoming the "payment of choice for many scammers," says the agency.
FTC / Flickr

(Rachel Sun/CoinDesk)
What If We Get Online Privacy Right? A Glimpse of 2035
Here’s what a day in the life would look like if we nail privacy infrastructure, fix the policy and squash the forces behind that “creepy feeling.” This post is part of CoinDesk's Privacy Week.
(Rachel Sun/CoinDesk)

CoinDesk - Unknown
Virginia Governor Signs Comprehensive Consumer Data Privacy Law
Virginia is the second state in the U.S. to pass a comprehensive data privacy law. “The Hash” panel discusses the roles of states, the federal government and big tech companies with regard to protecting consumer data.
CoinDesk - Unknown

btc mining
Man Takes Bitcoin Miner Seller to Tribunal Over Electricity Bill and Wins
A Malta-based seller of bitcoin mining machines is in hot water after failing to refund a customer who complained over high power bills.
btc mining