The White House has revealed a strategy to address the possible risks linked with crypto.
The statement, which was issued on Friday (27 January 2023), details the efforts the Biden Administration has taken to address the problems posed by cryptocurrencies. These include developing a framework for their safe and responsible use, boosting enforcement, and issuing new guidelines.
According to the White House, a team of specialists from throughout the Administration has created the first-ever framework for the safe and responsible creation of digital assets. The framework intends to deal with the dangers connected with digital currencies, such as certain businesses ignoring financial rules and fundamental risk controls, as well as the industry’s weak cybersecurity.
(By Siamak Masnavi)
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