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Head of consumer protection watchdog signals stance on digital assets with warning on stablecoins

1 month ago   |   By Business Insider

Rohit Chopra, director of the Consumer Financial Protection Bureau.
Getty/Tom Williams
Stablecoins bear a risk to the financial system, said the head of the US Consumer Financial Protection Bureau, according to Bloomberg.
The bureau's new chief, Rohit Chopra, voiced the warning during his first appearance on Capitol Hill since confirmation.
The CFPB will analyze and collect data about how companies like Facebook plan to use digital tokens, Chopra said.
Stablecoins bear a risk to the financial system as more payment and technology companies move to embrace digital coins, said the head of...
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