An American CBDC, feds' tracking the environmental impact of mining, amendments made to the Bank Secrecy Act — what's inside the upcoming U.S. crypto framework?
on Ensuring Responsible Development of Digital Assets, federal agencies came up with a joint fact sheet on six principal directions for crypto regulation in the United States. It sums up the content of nine separate reports, which have been submitted to the president to “articulate a clear framework for responsible digital asset development and pave the way for further action at home and abroad.”on the White House official website on Sept.
To promote access to financial services, federal agencies recommend creating a federal framework for nonbank payment providers and encouraging the adoption of instant payment systems like FedNow, the launch of which is planned by the Federal Reserve in 2023.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Biden administration targets crypto enforcement, digital asset rules(Reuters) -U.S. government agencies must double down on digital asset sector enforcement and identify gaps in cryptocurrency regulation, the Biden administration said on Friday, citing their potential for misuse and harm even as it noted their growing role in global finance. The Treasury Department will also lead a group of government agencies that will consider a central bank digital currency, although the White House stopped short of endorsing a digital dollar. The collective government action, announced in a series of published reports, follow an executive order U.S. President Joe Biden signed this year 'on Ensuring Responsible Development of Digital Assets.'
Read more »
Blockchain Association calls White House's crypto framework a 'missed opportunity'Swing and a miss. The Blockchain Association and some in the space are unhappy with the White House's proposed crypto framework. Can it be salvaged?
Read more »
White House to unveil latest strategy to fight COVIDThe White House will launch the 2022 Covid-19 Global Recovery and Response Framework Thursday.
Read more »
White House to unveil latest strategy to fight COVIDThe White House will launch the 2022 Covid-19 Global Recovery and Response Framework Thursday.
Read more »