The executive order on cryptocurrency is expected to describe what government agencies need to do to develop policies and regulations on digital currencies.
on the topic in January that explores the risks and benefits of U.S.-backed digital currency.
While U.S. officials have played down the significance of cryptocurrency to Russia’s ability to evade sanctions, it remains a concern. A senior administration official who spoke on condition of anonymity said the president’s national security team has already been on the lookout for the use and creation of front companies and alternative financial institutions that Moscow might try to employ to get around sanctions.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: