[2014-08-14] CFPB Report Makes Digital Currency Seem More Risky Than It Is

[cescan]

http://moneymorning.com/2014/08/12/bitcoin-news-cfpb-report-sows-fresh-fear-with-old-warnings/

The CFPB "consumer advisory," which encompasses all virtual currencies, effectively scares people away from them by presenting a laundry list of worst-case scenarios.

The CFPB also announced it had started accepting Bitcoin-related complaints from consumers.

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[gmx95]

I agree with that assessment. But it is typical of such regulatory bodies. They believe that if they warn people in advance and scare them, it will prevent investors from losing money.