Comments to Treasury on Ensuring Responsible Development of Digital Assets
August 5, 2022This request for comments covers two different sets of digital assets: cryptocurrencies, including stablecoins, and central bank digital currencies. We see little to no legitimate use for cryptocurrencies and few, if any, potential benefits that are not heavily outweighed by the high degree of risk, harm, and evasion of consumer protection laws.
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From the NCLC Digital Library
Consumer Banking and Payments Law
The treatise that keeps readers up to date on changes in payments: payroll, government benefits, college and other prepaid cards, money orders, check payments, lost checks, check deposits, accord and satisfaction, bank fees, banker’s set off and more.
Read Chapter One