reports that the Consumer Financial Protection Bureau (CFPB) recently issued a warning to consumers about virtual currencies such as Bitcoin, XRP, and Dogecoin. The biggest risks include sudden dramatic drops in value, high costs of using digital currency that aren’t always clear up front, and digital currency exchanges suddenly collapsing. Additionally, “accounts aren’t insured against loss and fraud the way traditional bank accounts are,” according to the article. The article also warns, “[t]he CFPB said consumers who use virtual currency should be aware the products are experimental and be prepared to wait out fluctuations in value or weather losses.” The CFPB also announced that it will now accept consumer complaints about virtual currency products. For more, read the full article and the CFPB consumer advisory