The new December ruling from the US Consumer Financial Protection Bureau impacts payment apps and digital wallets offered by large non-bank companies.
US consumer finance watchdog sued for treating digital wallets like banks
Share to:
Author: PANews
This content is provided for informational purposes only and does not constitute investment advice.
Follow PANews official accounts, let's navigate bull and bear markets together
Recommended Reading
PANews2025-01-16 19:02
Cycles as Friends: 2023 Review and 2024 Outlook
After the ups and downs of 2023, the crypto industry is finally ushering in a special year - 2024, when the fourth halving of Bitcoin will take place.
Beyond digital gold: BRC-20 and inscriptions, opening a new chapter for Bitcoin
The old tree is blooming with new flowers, and the Bitcoin ecosystem is becoming the focus of the whole scene. Ordinals, BRC-20, ORC-20... New terms are emerging one after another. How to explore this newly opened "holy land"? PANews has launched the special topic "Old Trees Blooming with New Flowers: From 0 to 1, a Complete Explanation of Bitcoin Ecology" to interpret the "new era" of Bitcoin for you.
New Project Selection: Capturing the New Web3 Narrative
Web3 is entering an era of great development, with new projects emerging continuously. This special topic collects, organizes, and screens these new projects, hoping that readers can capture new narratives from them.
$4.3 billion settlement: The CZ era ends, and Binance moves closer to compliance
In the early morning of November 22, Beijing time, the Ministry of Justice held a press conference to announce Binance’s settlement. Binance agreed to criminal charges and paid a fine of $4.3 billion. CZ resigned and Richard Teng will take over as Binance CEO.