[CGAP] Crypto Consumer Protection: Why ‘Wait and See’ Is No Longer an Option
Here, we've summarized an initial review of consumer risks faced by crypto users in emerging markets and developing economies (EMDEs) and the need to address these risks in financial consumer protection (FCP) frameworks. Due to limited research on the impact of crypto use on low-income consumers and few concrete measures taken by FCP regulators thus far, there are more questions than answers. We hope this blog will challenge the global FCP community and those interested in promoting a responsible digital finance ecosystem to move more decisively to protect vulnerable crypto consumers.