The United States considers creating its own official cryptocurrency

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More and more governments in the world are committed to having their own official cryptocurrency, and if a few months ago we learned that El Salvador became the first country in the world to adopt bitcoin as legal tender, now the United States is considering creating its own digital asset. The United States explores the risks and advantages of creating an official cryptocurrency President Biden signed an executive order detailing the country's first strategy to create its own official cryptocurrency. Officials from various government offices will explore the potential risks and benefits of cryptocurrencies, from the point of view of the user and for the nation at large. In this sense, the Treasury Department will recommend policies in order to protect people and companies, including regulation that can protect them against “systemic financial risks.” Meanwhile, the Financial Stability Oversight Council will help identify dangers at the economic level, and suggest policies to equalize them.

Digital assets in the country will seek equity, security and minimal environmental impact The strategy sees cryptocurrencies as a competitive tool, as Biden's order will establish “urgency in research” and the creation of its own official cryptocurrency that will be backed by the central bank. Thus, it is expected that the Department of Commerce can create a framework to promote “American leadership in digital assets C Level Contact List while the government will encourage the development of digital assets that maintain equity, privacy, security and minimal environmental impact . The Biden administration was clear in its objectives: according to the director of the US National Economic Council, Brian Deese and the national security advisor, Jake Sullivan, this order is intended to direct cryptocurrencies and digital assets in a manner “consistent with our democratic values,” that is, helping the United States maintain a leadership position in global finance without jeopardizing its economic stability or worsening inequality.



Are you looking to invest in cryptocurrencies? CONAR helps you identify misleading advertising While this order is relatively short in its policies and has not set deadlines, it promises to give the United States a more unified and aggressive approach on digital assets , whereas previously the country took a more reactive stance, as regulators cracked down. against illegal activity. Related Posts Banco de México will regulate cryptocurrencies and blockchain Bitcoins Model: buy beer and get 10% in cryptocurrencies! Rappi starts its pilot program to pay with cryptocurrencies Theoretically, we are witnessing the creation of the “digital dollar” which will clear the way for cryptocurrencies to take on greater relevance in day-to-day transactions, and this will expand globally. Will This has allowed us to know what their main problems are, and has given us the necessary information to develop and offer them answers to their greatest needs through technological tools tailored to their needs , ” concluded Rodrigo Pio.

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