US Consumer Protection Agency Asked to Boost Bitcoin Oversight

US Consumer Protection Agency Asked to Boost Bitcoin Oversight

The full GAO report is now available and can be found here. The US Consumer Financial Protection Bureau (CFPB), an independent federal agency tasked with policing financial products, is preparing to take its first steps toward increasing oversight of bitcoin following a request from a separate government agency. Bloomberg reports that the Government Accountability Office (GAO), which oversees Congressional spending and policies, formally asked the CFPB to look into digital currencies earlier this year. In a letter obtained by Bloomberg, the GAO said that it wants US consumer finance....


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