News रेल

U.S. President Joe Biden All Set to Sign Crypto Order to Deter Russia to Evade Sanctions

U.S. President Joe Biden All Set to Sign Crypto Order to Deter Russia to Evade Sanctions

JJ News Desk

As more and more countries giving their approach in the Crypto world, U.S. too joins them, as President Joe Biden is all set to sign an executive order this week that will outline the U.S. government’s strategy for cryptocurrencies, citing the people familiar with the administration’s plans.The order will direct federal agencies to examine potential regulatory changes, as well as the national security and economic impact of digital assets, said the people, who asked not to be named. The White House’s decision to allow crypto has attracted fresh attention in recent weeks after the U.S. and its allies imposed sanctions on Russia, prompting concerns that organizations and individuals could use crypto to evade the restrictions. The report suggests that along with making strategies for Crypto the White House’s directive is also expected to address the possibility of a U.S.-issued central bank digital currency, or CBDC, though it’ll likely hold off on taking a firm position because the Federal bank is still doing its research on the issue.(With Inputs From Agencies)

Stay connected to Jaano Junction on Instagram, Facebook, YouTube, Twitter and Koo. Listen to our Podcast on Spotify or Apple Podcasts.

After Zelenskyy slams diesel deal, Trump says it's time for Ukraine to get a new President

Two Indians Charged in US for Alleged Smuggling of Counterfeit Ozempic

RBI Says Tata Sons Can't Stay Private, Tells Conglomerate To Go Public

Datia Stays with Congress as Ghanshyam Singh Outpaces BJP Candidate Ashutosh Tiwari

Prashant Kishor Wins First Election from BJP Bastion Bankipur, Says Bihar Wants Better Leadership