[2014-08-18] Bitcoin Currency: The New Frontier for the CFPB

[cescan]

http://www.forbes.com/sites/norbertmichel/2014/08/18/bitcoin-currency-the-new-frontier-for-the-cfpb/

Makes you wonder how the US survived until 1913 without just one government-backed currency.

Richard Cordray, the CFPB’s Director, then piled on by adding: “Virtual currencies are not backed by any government or central bank, and at this point consumers are stepping into the Wild West when they engage in the market.”