The U.S. has been strategically planning its Digital Dollar or central bank digital currency (CBDC) since last year. After the Federal Reserve issued a paper on CBDC in January end, President Joe Biden is expected to sign an executive order this week on crypto regulations and intensify the efforts regarding its digital currency. Under the

The post U.S. Intensifies Digital Dollar Study As President Biden Set To Sign Crypto Executive Order appeared first on CoinGape.

The President is set to sign the order this week with a focus on national security and regulation.

According to many persons familiar with the administration’s preparations, President Joe Biden is expected to issue an executive order this week outlining the US government’s cryptocurrency strategy. *BIDEN TO SIGN CRYPTO ORDER AS INDUSTRY FACES SANCTIONS PRESSURE — *Walter Bloomberg (@DeItaone) March 7, 2022 The order will urge federal agencies to look into potential regulatory reforms, as well as the national security and economic implications of digital assets. The White House’s attitude to cryptocurrency has received renewed attention in recent weeks as a result of sanctions imposed by Washington and its allies on Russia, raising concerns that corporations and individuals in the country could utilize cryptocurrency to circumvent the limits. The order, which has been in the works since last year, would require federal departments across the board to report on their digital asset policies later this year. Industry leaders complain about a lack of clarity on US laws, putting pressure on Biden’s staff to play a greater coordinating role. We’ve known this for months. https://t.co/JYZwwGrK3a — The Wolf Of All Streets (@scottmelker) March 7, 2022 Meanwhile, lawmakers such as Senator Elizabeth Warren and Senate Banking Committee Chairman Sherrod Brown are closely scrutinizing the crypto industry, citing worries that sanctioned persons and firms in Russia may be exploiting digital assets to circumvent sanctions. Nonetheless, given the small scale of the market, several researchers and officials have questioned how successful workaround crypto could be.

The post Biden to Sign Crypto Order as Industry Faces Sanctions Pressure appeared first on Cryptoknowmics-Crypto News and Media Platform.

Contrary to the warnings of Senator Elizabeth Warren, crypto is actually a bad tool for hiding money and skirting sanctions.

February 21, 2022       /       Unchained Daily       /       Laura Shin Daily Bits ✍️✍️✍️ Nexo, a crypto lender, has stopped paying interest on new deposits[...]

The post Out Phishing: OpenSea NFTs Disappear appeared first on Unchained Podcast.

February 18, 2022       /       Unchained Daily       /       Laura Shin Daily Bits ✍️✍️✍️ The US Department of Justice  announced Eun Young Choi as the[...]

The post What’s 100x Worse Than Crypto Money Laundering? appeared first on Unchained Podcast.

Eight U.S. lawmakers, including Senator Elizabeth Warren, have sent letters to top U.S.-based bitcoin mining firms questioning them about their crypto mining operations. “The extraordinarily high energy usage and carbon emissions associated with bitcoin mining could undermine our hard work to tackle the climate crisis — not to mention the harmful impacts cryptomining has on […]