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New US Rule Could Force Crypto Providers to Compensate Fraud Victims Dark Side of Crypto

  • The proposed rule in the U.S. would make crypto service providers liable to compensate fraud victims.
  • The rule is proposed by the Financial Consumer Protection Bureau to enhance consumer protection in the crypto industry.
  • The crypto industry has seen a rise in fraud, and the rule aims to address the regulatory gaps.
  • The rule has garnered mixed reactions, with some seeing it as a positive step while others warn of overregulation.

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