President Biden is expected to sign an executive order on cryptocurrency and CBDC.

The US President Joe Biden has reportedly planned to issue an executive order directing government agencies to investigate cryptocurrencies as a matter of national security.

The order, which will also investigate central bank digital currencies (CBDCs), is expected to be issued next week. The government plans to formulate a strategy that will be used to regulate cryptocurrencies and other digital assets.

According to the report, the directive will study CBDCs and call on different agencies to provide reports on the future of money and payment systems.

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