A new advisory on Bitcoin issued by the U.S. Consumer Financial Protection Bureau should prompt banks to explain risks associated with virtual currencies. Financial institutions should be on board with the CFPB’s initiative around virtual currencies, says Nathalie Reinelt. The advisory follows reports from Dell SecureWorks that a hacker compromised 51 networks from 19 different Internet service providers to steal $83,000 in virtual currency. The New York State Department of Financial Services proposed a groundbreaking “BitLicense” regulatory framework for virtual currency businesses.”]
Source: https://www.cuinfosecurity.com/regulator-issues-bitcoin-advisory-a-7180