CFPB spares self-hosted crypto wallets from new fintech regulations

The Consumer Financial Protection Bureau (CFPB) has finalized a landmark rule expanding its oversight to fintech payment apps but notably excluding self-hosted crypto wallets, according to a Nov. 21 announcement. Blockchain advocates have hailed this decision as a win for DeFi. The finalized rule targets large nonbank payment platforms processing over 50 million annual US dollar […] The post... source: https://cryptoslate.com/cfpb-spares-self-hosted-crypto-wallets-from-new-fintech-regulations/