Consumer Protection

Revolut to Trial Pound-Backed Stablecoin in UK Sandbox, Focuses Debate on Consumer Protection

Revolut will test a pound-backed stablecoin in the UK’s regulated stablecoin sandbox this quarter. The firm says the key innovation is not the token itself but the consumer protection and infrastructure built around it.

Virginia lawmakers advance bill to regulate crypto ATMs statewide

Virginia lawmakers have advanced legislation to regulate cryptocurrency ATM kiosks across the state, aiming to tighten oversight and consumer protections.

UK Regulator Bans Coinbase Ad for Downplaying Crypto Risks

The UK's advertising regulator has blocked a music-led Coinbase ad—already barred from TV—calling it "irresponsible" for downplaying crypto risks. The wider prohibition extends scrutiny of the spot beyond broadcast channels.

Louisiana Authorities Recover $200K From Bitcoin ATM Scammers

Louisiana authorities recovered $200,000 stolen from elderly victims by Bitcoin ATM scammers, aided by a newly enacted state law that strengthens protections against crypto fraud. The recoveries highlight the law’s immediate impact on preventing swift crypto cash-outs.

Published at 2026-01-10 16:45:09
Senators Introduce SAFE Crypto Act to Target Cryptocurrency Scams

Sen. Jerry Moran and Rep. Elissa Slotkin introduced the SAFE Crypto Act on Dec. 18, 2025, aimed at cracking down on crypto-related scams. The bill is presented as a bid to strengthen enforcement and consumer protections, though full text and timing remain unclear.

Published at 2025-12-18 16:15:12
Consumer, Labor Groups Unite to Block U.S. Crypto Market Bill

Progressive lawmakers and allied consumer and labor organizations say they will oppose the industry-backed crypto market legislation currently before the Senate, potentially blocking its passage. The move raises the stakes for negotiators seeking a compromise on digital-asset rules.

South Korea to Impose Bank-Level Liability on Crypto Exchanges After Upbit Hack

Seoul will extend the same no-fault compensation rules that apply to banks to cryptocurrency exchanges after the Upbit breach, citing gaps in consumer protection exposed by the attack.

Italy Begins In-Depth Review of Cryptocurrency Risks

Italy’s Economy Ministry has ordered a comprehensive review of protections against crypto-related risks, the Bank of Italy and other regulators said on Thursday. The move signals growing concern about consumer protection and financial stability as crypto activity increases.

Washington orders Coinme to repay over $8M after voucher accounting probe

Washington regulators have ordered Seattle-based Bitcoin ATM operator Coinme to repay more than $8 million to customers, citing allegations that unredeemed vouchers were recorded as income. The firm also faces potential license revocation amid the inquiry.

Evolution of U.S. Stablecoin Legislation: The GENIUS Act – cover image
Evolution of U.S. Stablecoin Legislation: The GENIUS Act

The recent developments in U.S. legislation regarding stablecoins underline a significant shift towards enhancing consumer protection and regulatory compliance. The revised GENIUS Act, which aims to introduce stringent measures for foreign-issued stablecoins and bolster anti-money laundering protocols, reflects a growing commitment to secure the crypto space. With strong Senate support, this act could reshape the future of stablecoins in America.

Published at 2025-05-29 18:01:44