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

Source: Tech – South China Morning PostUS 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…Read More

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