On December 23, 2014, the Consumer Financial Protection Bureau published a proposed rulemaking relating to prepaid products that briefly noted that some of its requirements may apply to virtual currency products. While...
Last Monday, I testified before the California Assembly’s Banking and Finance Committee about the innovative potential of cryptocurrencies. And this coming Friday, we will be filing comments on the revised draft of...
Today Coin Center filed a public interest comment in response to the Consumer Financial Protection Bureau’s recent notice of proposed rulemaking relating to prepaid products. While this proposal is focused primarily on...
As recently as two years ago there was an open question about how governments would react to Bitcoin. Some observers warned of a coming backlash from governments attempting to quash cryptocurrency. How...
The California State Assembly’s Banking & Finance Committee invited Jerry Brito along with other experts and industry leaders to give an overview of Bitcoin technology and answer questions from policymakers. ...
Financial privacy is an umbrella term for both data security and privacy. We can think of security as the ability to hide information from all comers and privacy, following Nissenbaum’s...
Peer-to-peer technologies that allow parties to bypass intermediaries are bringing change, and competition, to a wide variety of industries—and banking is no exception. New companies like TransferWise and CurrencyFair, for...
The recent neutrality victory at the FCC is not a silver bullet. We can expect costly court challenges, complicated enforcement, and the risks that come with entrusting a large government...
The Wall Street Journal has taken note of an alarming level of fraud in Apple Pay transactions: [I]t’s not ‘an anomaly’ to see fraud accounting for about 6% of Apple Pay transactions,...
The past year was frightening for consumers and retailers alike. Data breaches at major companies led to huge caches of personally identifying information becoming available to malicious actors. Breaches can...