Amidst the increasing market capitalization for cryptocurrencies, the number of complaints against digital currency companies filed with the US Consumer Financial Protection Bureau (CFPB) has increased by nearly 6,000% according to report by LendEDU.
Based on CFPB data, there have been 277 complaints tagged “virtual currency” since January. In all of 2016, there were only seven. An additional 288 complaints have been filed against Coinbase in 2017. Nonetheless, this represents just a fraction of the 145,948 total complaints lodged with the CFPB in 2017.
The complaints filed by consumers do not necessarily mean that the parties in question are engaging in any wrongdoing. However, regulators and researchers are using the database of the CFPB to identify possible criminal activities.
Full story at http://bit.ly/2gledpF
Source: CoinTelegraph
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