Definition ∞ Federal consumer protection comprises governmental regulations and measures designed to safeguard individuals interacting with financial products and services from unfair or deceptive practices. This oversight extends to the rapidly developing digital asset markets. It aims to ensure market fairness and transparency.
Context ∞ National regulatory bodies are actively working to apply existing consumer protection mandates to the digital asset space. These efforts address concerns related to fraud, the security of digital holdings, and the need for transparent disclosure in cryptocurrency transactions, aiming to build trust and mitigate risks for market participants.
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