Post
Topic
Board Legal
Re: What about Bitcoin and consumer protection?
by
NewLiberty
on 12/12/2017, 16:44:17 UTC
"Consumer protection" is the buzzword used by industry incumbents to protect their industry by using the local governments' authority raising the barriers to entry.

Generally it results in fewer choices for consumers, and less competition.  Very often the result is that there are no good choices remaining.

Pre-emptive Consumer protections tend to accomplish the opposite of their legislative intent.