The US is considering applying the Electronic Funds Transfer Act to crypto accounts
The move aims to increase consumer protection in a market hit by recent significant hacks on platforms such as Axie Infinity, Crypto.com, and FTX.
The US Consumer Financial Protection Bureau (CFPB) is evaluating the application of the Electronic Funds Transfer Act (EFTA) to cryptocurrency platforms.
The move aims to increase consumer protection in a market hit by recent significant hacks on platforms such as Axie Infinity, Crypto.com, and FTX.
EFTA regulations mandate that electronic funds facilitators inform users of their obligations regarding unauthorized transfers.
The move aims to increase consumer protection in a market hit by recent significant hacks on platforms such as Axie Infinity, Crypto.com, and FTX.
The US Consumer Financial Protection Bureau (CFPB) is evaluating the application of the Electronic Funds Transfer Act (EFTA) to cryptocurrency platforms.
The move aims to increase consumer protection in a market hit by recent significant hacks on platforms such as Axie Infinity, Crypto.com, and FTX.
EFTA regulations mandate that electronic funds facilitators inform users of their obligations regarding unauthorized transfers.