* Our Parent Company Crypto Token is LIVE!!! *Flag Token

Biden’s crypto order ‘major step for blockchain use, payments’

Date:

Share post:


ANKARA:

US President Joe Biden’s executive order this week is a major step for the use of blockchain and payment systems, according to one expert.

“The Biden Administration has taken a major step in directing an ordered approach to consideration of the use of blockchain technology, central bank digital currency (CBDC) and related developments into the US and global payments system,” Joseph Lynyak III, a partner at the international law firm Dorsey & Whitney, told Anadolu Agency via email.

Biden signed an executive order to ensure responsible innovation in digital assets and cryptocurrencies, which outlined “the first ever, whole-of-government approach to addressing the risks and harnessing the potential benefits of digital assets and their underlying technology,” according to the White House.

Read more: Russians liquidating crypto in the UAE as they seek safe havens

“The Executive Order is a somber assessment of potential benefits of this technology, and orders numerous federal agencies to consider digital currency as possibly providing advantages to the current payments…

Read more…

Related articles

US Senators Press Crypto Bank Silvergate on Ties to FTX: Bloomberg

In a letter sent to Silvergate on Monday that was viewed by Bloomberg, the senators asked Silvergate about...

Ukrainian fintech helping startups with wartime finance raises $1 million

Fuelfinance, a Kyiv-based fintech that develops financial management and planning software for startups, has raised $1 million, mostly...

Powell Won’t Break S&P 500 Rally; Wage Growth Eases

If markets are right, tomorrow's Fed meeting policy statement will announce the next-to-last rate hike of the cycle,...