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Biden’s Executive Order Gears Up for CBDC, Studies Its Impact

Published 03/09/2022, 05:50 AM
Updated 03/09/2022, 06:00 AM
Biden’s Executive Order Gears Up for CBDC, Studies Its Impact

  • Joe Biden is ready to sign an executive order on cryptocurrency policy.
  • This includes creating CBDC or Digital Dollar soon.
  • Previously, the White House had signed an order to study the threats in the crypto market.

In an approach to creating Central Bank Digital Currency (CBDC), US President Joe Biden looks forward to signing a much-awaited executive order on cryptocurrency. This order is directed to the country’s Department of Justice, Department of Treasury, and other agencies, asking them to explore the economic and legal consequences of creating CBDC.

The news of this order was released by the Federal Reserve report, detailing the impact of the digital dollar or CBDC. Biden is expected to issue the executive order this week.

As tweeted by Dennis Porter, the host of the Smart People Shit podcast, Biden’s executive order will explore the consequences of CBDC.

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