[2014-08-19] CFPB Warning Ignores Bitcoin’s Consumer Protections

[zakoliverz]

http://www.coindesk.com/cfpb-warning-ignores-bitcoins-consumer-protections/

Citing malicious hackers, potentially high mark-up fees, exchange-rate volatility, lack of governmental insurance, and risk of private key loss is laudable given that so few market participants conduct proper due diligence before jumping in to a new alternative. The majority of companies involved in the bitcoin ecosystem have been highlighting these risks for years.