The U.S. Consumer Financial Protection Bureau (CFPB) proposes to include digital wallets with the same protection standards as banks, requiring service providers to compensate customers in the event of loss of funds due to a hacker attack or unauthorized transaction. CFPB plans to expand the scope of the Electronic Fund Transfer Act to include stablecoins and other digital assets, with confirmation that 'any asset-like use of funds' will be protected. With this rule, CFPB hopes to enhance consumer protection by setting higher standards for the digital currency industry. The rule change could have a significant impact on U.S. companies that hold customer assets, such as exchanges and custodians, as they would need to maintain sufficient reserves to cover potential losses. CFPB is seeking industry feedback until March 31, after which it will decide whether to issue a final rule. (Financial Times)