Treasury recommends exploring the creation of a digital dollar | Company

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WASHINGTON (AP) — The Biden administration is moving closer to developing a central bank digital currency, known as the digital dollar, saying it would help strengthen the role of the United States as a leader in the financial system. global.

The White House said Friday that after President Joe Biden issued an executive order in March calling on various agencies to seek ways to regulate digital assets, the agencies authored nine reports, covering the impacts of cryptocurrency on financial markets, environment, innovation and other elements of the economic system.

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