2 years ago
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President Biden wants to know more about cryptocurrencies before creating a digital dollar
The White House is set to start working on a strategy to study and regulate cryptocurrency, while also looking into developing its own central bank digital currency (CBDC). Coming off the back of a Federal Reserve report (PDF warning) into a digital dollar, and according to a report in Yahoo Finance, President Biden will issue an executive order on cryptocurrency oversight next week.
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92 % of all the money in the world is already digital (and centralized).