Bitcoin Warning!

Consumer AdvocateConfused about cryptocurrencies, like bitcoin or Ether (associated with Ethereum)? You’re not alone. Before you use or invest in cryptocurrency, know what makes it different from cash and other payment methods, and how to spot cryptocurrency scams or detect cryptocurrency accounts that may be compromised.

You might have heard of the Children’s Online Privacy Protection Act — also called COPPA. It’s at the center of the FTC’s efforts to protect kids’ privacy in the digital world. This law, enforced by the FTC, says that any site or service (think apps) that COPPA covers has to get a parent’s (or in some cases, a school’s) OK before it collects personal information from your child under 13. COPPA also protects kids’ privacy in other ways, like limiting how long companies can keep your child’s personal information. When a company breaks the rules, the FTC can sue.