Biden would dictate a decree related to cryptocurrencies

From the White House, the US president is expected to issue an executive order in the coming weeks that involves cryptocurrencies

The president of the United States, Joe Biden, would be about to issue an executive order in the coming weeks, which would be directly linked to cryptocurrencies.

According to what was known from sources related to the White House, the measure would come to make improvements in terms of national security and would be based on assignments to some government entities to study the assets.

“This is designed to look at digital assets holistically and develop a set of policies that give coherence to what the government is trying to do in this space,” the source said.

Earlier this week, Forbes reported that those government entities would likely issue reports on their findings in mid-2022 that would look at “the systemic risks of cryptocurrencies and their illicit uses.”

The main label is that of national security, due to the fact that cryptocurrencies move large amounts of money, and the potential of decentralized blockchain technology to circumvent surveillance and specific geographical regulations.

K. Tovar

Source: Cointelegraph

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