Post
Topic
Board Bitcoin Discussion
Re: The US Treasury is developing a framework for international crypto engagement.
by
Zlantann
on 09/07/2022, 01:18:38 UTC
The US Treasury Department sent President Biden a regulatory framework for interagency engagement with foreign counterparts when dealing with digital assets on Thursday.

The Treasury Department created the fact sheet in response to President Biden's Executive Order on "Ensuring Responsible Development of Digital Assets" issued on March 9, 2022.


Source/Continue Reading: https://mycryptoparadise.com/us-treasury-develop-framework-for-crypto-international-engagement/
Although the main content of this regulatory framework is targeted at controlling the digital currency market in the US but it is also a good news. At least the government of the United States have now acknowledged that Bitcoin is unstoppable and the best option for them is to embrace it. The government has also pledge to support the sector with the needed financing to promote technology and research. In recent times we have seen government law enforcement agencies assisting in recovering crypto fund either hacked or acquire illegal, which is an indication that government might have a part to play in protecting consumers and investors in the crypto space.