Proposed CFPB interpretive Rule: "The CFPB interprets the term “funds” to include assets that act or are used like money, in the sense that they are accepted as a medium of exchange, a measure of value, or a means of payment. Under this interpretation, the term “funds” would include stablecoins, as well as any other similarly-situated fungible assets that either operate as a medium of exchange or as a means of paying for goods or services."
https://www.consumerfinance.gov/about-us/newsroom/cfpb-seeks-input-on-digital-payment-privacy-and-consumer-protections/
[#]lawfedi #CFPB #crypto
=> More informations about this toot | View the thread | More toots from jsjoshua@esq.social
=> View lawfedi tag | View cfpb tag | View crypto tag This content has been proxied by September (3851b).Proxy Information
text/gemini