Bitcoin Currency: Digital Сurrency Will Be Followed more Closely, The United States Consumer Financial Protection Bureau – the Daily Herald
Consumer Financial Protection Bureau of the U.S. has committed to follow Bitcoin and other digital currency more strictly. Government Accountability Office issued a corresponding order.
The Daily Herald said, the office, which is considered the analytical authority of Congress, wrote a confidential report in May, where it instigates the bureau to be more active when it comes to policy of cryptocurrency in the country.
William Wade-Gery, acting assistant director for card and payment markets, in his reply sent to the Government Accountability Office previous this year, said: “We’re looking forward to increasing our involvement in formal working groups as they engage on specific issues relating to consumer protection.”
Even though the report prepared by the GAO does not identify which issues related with cryptocurrency have to be considered, both agencies recognize that security is a major anxiety.
However, the document was sought by Senator Tom Carper. The Delaware Democrat, responsible for the first hearings of Bitcoin in 2013, wanted to know the U.S. government is doing to develop a regulation to digital currencies and in what way Bitcoin can be used in the future.
“GAO’s report underscores the importance that all sectors — law enforcement, industry, relevant regulators, and consumer protection agencies — must come to the table and engage in meaningful dialogue to provide clear rules of the road for entrepreneurs, investors, and consumers alike,” said Carper
July 12, 2014 at 12:29PM
Latest Bitcoin News | BTC/LTC Robot | Mining ASICS | BTC Debit Card
