US President Joe Biden is expected to sign a long-awaited executive order on cryptocurrencies this week.
Bloomberg and Reuters March 7 According to the news of the US President Joe Biden‘of Ministry of Justice, Treasury and other institutions digital central bank currency (CBDC) of creating legal and economic long-awaited results that lead to review signing an executive order this week Waiting.
Biden by Wednesday executive order expected to be signed from the Ministry of Justice Work with the Federal Trade Commission, the Consumer Financial Protection Commission, and other agencies to study the impact on consumers. will ask him to examine whether a new law is needed to create a new currency together.
Executive order for a series of reports on the “future of money” and the role cryptocurrencies will play in the evolving environment a 180-day deadline will determine. A knowledgeable source told Reuters, “We may see a significant change in policy in 180 days. “This is a possible step towards the creation of a digital central bank currency.”
The source is also cryptocurrencies on competitiveness, the impact on the market and technical infrastructure needed, and the environmental impact of bitcoin mining He said further research will be done.
White House last year increased ransomware and with other cybercrime threats He said that he is planning wide-ranging oversight of the cryptocurrency market, including an executive order to deal with it.