CFPB finalizes digital payments rule, excludes digital assets

Quick Summary:

In its original proposal, the CFPB wanted to oversee digital asset wallets, but after opposition from some lawmakers and industry heads, it has excluded them.

The post CFPB finalizes digital payments rule, excludes digital assets appeared first on CoinGeek.

However, the final draft confirmed that the new rule doesn’t apply to digital assets.

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Article Details

Author / Journalist: Steve Kaaru

Category: Crypto

Markets: CanadaItalyMalaysia

Topics: Consumer Financial Protection Bureau Finance Regulation United States

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-27 @ 16:00:00 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: coingeek.com

Language: English

Article Length: 597 words

Reading Time: 4 minutes read

Sentences: 21 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGeek

News ID: 23907578

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