Coin-Miners - Crypto Currency Tracker logo Coin-Miners - Crypto Currency Tracker logo

cryptonews 2023-06-02 03:00:00

US Consumer Protection Agency Issues Warning on Payment Apps Following Collapses of Crypto Firms, Banks

The US Consumer Financial Protection Bureau issued a warning on Thursday for people using person-to-person services to store funds, reminding them that they are not federally insured, in the wake of FTX and multiple bank collapses. Transaction volumes on payment apps have “substantially increased,” the CFPB said in the report. The collapse of crypto exchange FTX and crypto lender Voyager Digital led to consumers losing hundreds of millions of dollars, the CFPB said. ... Read More: US Consumer Protection Agency Issues Warning on Payment Apps Following Collapses of Crypto Firms, Banks

freebitcoin
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.