[The U.S. Consumer Financial Protection Bureau is considering applying the Electronic Funds Transfer Act to cryptocurrencies] According to Odaily Planet Daily, Rohit Chopra, director of the U.S. Consumer Financial Protection Bureau (CFPB), recently stated that the agency is considering applying the Electronic Funds Transfer Act to cryptocurrencies. (EFTA) applies to cryptocurrencies to protect consumers from fraudulent cryptocurrency transfers. Chopra said the CFPB is exploring providing additional guidance to market participants to answer their questions about the applicability of EFTA to private digital dollars and other virtual currencies to reduce the harm of errors, hacks and unauthorized transfers. What do you think? Welcome to chat in the comment area! (Source: Cointelegraph)