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The US government is likely to introduce digital dollars

The US government is likely to introduce digital dollars

In view of the rapid spread of cryptocurrencies, the US government is preparing to introduce the digital dollar. According to the White House, US President Joe Biden signed an executive order on Wednesday. This order basically sets out a comprehensive strategy for dealing with cryptocurrencies. This includes protecting consumers, the stability of financial markets and the use of digital currencies by criminals.

Brian Dees, chairman of the White House National Economic Council, and Jack Sullivan, Biden’s national security adviser, said the executive order would ensure “leadership in the innovation and regulation of the digital property ecosystem in the United States and around the world.”

More than 100 countries are planning with the official digital currency

More than 100 countries around the world have already begun planning or piloting programs for the official digital currency. In July 2021, the Governing Body of the European Central Bank (ECB) decided to officially launch a pilot project to prepare for the introduction of the digital euro. A U.S. official has denied allegations that the United States was late in the deal. “The implications of the potential release of a digital dollar are profound,” he said, noting the dollar’s ​​role as the world’s most important currency.

Cryptocurrencies have seen tremendous growth over the past few years. According to the White House, the total value of digital assets, including digital currencies, exceeded $ 3 trillion last November. Five years ago it was $ 14 billion. According to data, 16 percent of adults in the United States – about 40 million people – have used, invested or traded in cryptocurrencies.

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