• 12 Aug 2014 at 2:22 PM

The Bitcoin Bugle: Still Relevant!

Months after everyone else got into a lather about it, word of this strange “cryptocurrency” called “bitcoin” has reached the desks of the folks over at the Consumer Financial Protection Bureau. And now that no one cares about them anymore, the regulator is leaping onto the case.

“Virtual currencies may have potential benefits but consumers need to be cautious and they need to be asking the right questions,” Richard Cordray, the director of the bureau, said in a statement. “Virtual currencies are not backed by any government or central bank, and at this point, consumers are stepping into the Wild West when they engage in the market.”

Consumer Financial Protection Bureau Warns on Bitcoins [DealBook]

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  1. Posted by batsignal | August 12, 2014 at 2:48 PM

    Where's Eric Schneiderman when you need him?