The document went on to list different components for how it defines consumer payment applications, including where the consumer is located (in the U.S.), that there is indeed a payment happening, that it’s to someone who is not the first consumer and that the transactions “must be primarily for personal, family or household purposes.”
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- Source: https://www.coindesk.com/policy/2023/11/07/us-consumer-finance-watchdog-wants-to-oversee-major-tech-some-crypto-payments/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
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