Biden to order studies on regulating, issuing cryptocurrency, sources say

//Biden to order studies on regulating, issuing cryptocurrency, sources say

Biden to order studies on regulating, issuing cryptocurrency, sources say

US President Joe Biden is expected to sign a long-awaited executive order this week directing the Justice Department, Treasury and other agencies to study the legal and economic ramifications of creating a US central bank digital currency, a source familiar with the matter said on Monday.The White House last year said it was considering a wide-ranging oversight of the cryptocurrency market – including an executive order – to deal with growing threat of ransomware and other cybercrime.Biden’s…

Article by [author-name] (c) Business - South China Morning Post - Read full story here.

By | 2022-03-08T03:04:51+00:00 March 8th, 2022|Business|Comments Off on Biden to order studies on regulating, issuing cryptocurrency, sources say