The Consumer Financial Protection Bureau proposed a new measure on Friday that will protect your Robux from scammers and hackers.

The proposed rule would interpret the terms of the Electronic Fund Transfer Act, or EFTA, which has traditionally been used to protect consumers from unauthorized debit transactions, to include certain virtual currencies provided by gaming and cryptocurrency companies.

“Players—or in some cases their parents and guardians—report issues such as trouble converting dollars to in-game currency, unauthorized transactions, hacking of account and take, theft, fraud, and loss of assets,” reads the CFPB’s post announcing it. the suggestion. “They also described limited acceptance without help from gaming companies and banks or digital wallets involved. Refunds were often refused, people found their gaming accounts the video game company is suspended after a player tries to get a refund from their financial institution, or people are left trapped in doom loops with AI-powered customer service representatives while they’re new. trying to get straight answers.”

Friday’s proposal is intended to fix these issues. The EFTA protects consumers who transfer funds electronically, limits their liability for errors, and provides them with ways to correct illegal transactions. When notified by the consumer, covered financial institutions must conduct investigations into unauthorized transactions and promptly correct errors. In its proposed interpretation, the CFPB states that consumers have the same rights when using certain virtual currencies.

However, EFTA will likely only apply to games that allow players to exchange currencies among themselves using accounts similar to “consumer asset accounts.” For example, the popular children’s game platform Roblox allows creators to earn Robux by selling cosmetic items or creating their own in-game worlds and experiences. Through Roblox’s DevEx program, Robux can be converted to US dollars.

Not all games with in-game currency should be subject to the rule. Fortnite players, for example, can spend money for V-Bucks to buy cosmetic items and “battle passes,” but the money cannot be exchanged between players and other merchants.

Last year, the CFPB notified gaming companies, issue a report detailing the risks involved in the purchase and transfer of virtual currencies. In it, the agency argues that virtual banks and game currencies and crypto platforms are more similar to traditional banking infrastructure, with few protections for users if funds are lost or stolen.

“Americans of all ages are converting billions of dollars into currencies used in virtual reality and gaming platforms,” ​​CFPB director Rohit Chopra said in a statement about these transactions last week. year. “As more banking and payment activity takes place in video games and virtual worlds, the CFPB is looking for ways to protect consumers from fraud and scams.”

The video game industry remains largely unregulated, despite facing numerous lawsuits and government investigations over the past few years. Last month, the Federal Trade Commission reached a settlement with Epic Gamesthe Fortnite developer, demanding that the company return more than $245 million in refunds to users it says were duped into buying virtual currency in the game.

The CFPB’s proposal is unlikely to be implemented anytime soon. In a press release issued on Friday, the agency said it will seek feedback, particularly from gamers, about the protections they need. The feedback deadline is March 31, 2025.