US Regulator Moves to Protect In-Game Currencies

The US Consumer Financial Protection Bureau (CFPB) proposed a rule to extend protections similar to those for real-world bank accounts to virtual in-game currencies. This move addresses the rise of in-game currency transactions and fraud. The proposal aims to safeguard players from unauthorized transactions, scams, and account theft, holding game companies accountable for financial issues reported by customers. Platforms like Roblox, with its Robux currency, are highlighted due to past complaints. The rule interpretation expands the Electronic Fund Transfer Act's coverage, providing greater legal recourse for gamers.