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News Update about digital money:
Bitcoin’s Price Rose 9% After President Biden Announcement
Bitcoin’s price rose up to 9% after President Biden announced an executive order to study digital currencies, the industry is welcoming the coin and it is going to be decried as delaying needed regulation very soon. The U.S. is taking control of the digital transactions made worldwide in crypto coins money.
President Biden also went ahead and asked the agencies to review the possibility of issuing a digital version of the dollar (U.S. Digital Dollars), tasking the Justice Department with assessing whether it would require new legislation and possibly preparing such legislation.
The federal government will produce reports on digital currencies and consider new regulations to keep that kind of money totally controlled and that way protect the United States assets from digital criminals.