The US President drew attention to cryptocurrencies

The US President drew attention to cryptocurrencies

Joe Biden said that he and his administration are currently working on creating a new document that addresses the topic of digital currencies.

The head of the country noted that this class of assets is the electronic equivalent of cash and it is necessary to ensure that this market is completely transparent.

According to the president, it is extremely important to exclude the possibility of using cryptocurrencies for fraudulent and other criminal purposes. 

In addition, he instructed the government to study the impact of mining activities on the climate and take into account the volume of energy consumption.

Subscribe to ForkNews in Telegram to stay up to date with news from the world of cryptocurrencies

You May Also Like

2432022-02-15

A register of Bitcoin wallets will be created in Belarus

The Republic of Belarus continues to form the legal framework for the crypto industry in the country. Authorities are introducing a register of crypto wallets that have been flagged for illegal activities.

Regulation
3702018-12-10

The Japanese government has proposed changes to taxation

To encourage widespread adoption of cryptocurrencies in the country and reduce losses for investors, Takeshi Fujimaki, a spokesman for the opposition political party Nippon Ishin, recommended four amendments to the legislation.

Regulation

Latest articles from Regulation category