President Joe Biden is expected to sign an executive order addressing cryptocurrency this week, according to multiple media reports.
The order is expected to spur a federal review of economic, regulatory and national security issues relating to cryptocurrency and digital assets – the first step to potential regulation in the industry.Cryptocurrencies, including bitcoin and ethereum, are largely unregulated, but the digital asset ecosystem continues to grow.
A separate environmental review of the energy required to mine cyrptocurrencies may also be mandated in the executive order. Central banks from key countries are reportedly exploring CBDCs to address issues such as taxation and liability .
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