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⚡️ US Government To Prepare Executive Order On Crypto

The executive order will be reportedly issued in February.

Hey Blockster, The Biden administration is expected to submit the report on crypto. Learn more here Crypto regulation is a controversial topic.   Due to the nature of the underlying blockchain technology, most digital assets are decentralized, governed by their communities, and offer users full ownership over their funds without the need to use intermediary solutions for transactions.   Bitcoin was created in the wake of the 2008 financial crisis to facilitate financial sovereignty and freedom from large banks and government control, many in the community oppose the idea of crypto regulation.   While regulation would come with adhering to rules imposed by the state, effective laws and policies around digital assets can facilitate trust between users and service providers, enhance the safety of services, and boost activity within the industry.   In such a case, regulation would greatly benefit crypto market participants, even if it comes with extra tasks and some initial complexities for projects.   Of course, governments can take a more extreme approach, in which they decide to outright ban all or a part of digital asset-related activities to protect their national currencies or economies from the potential negative impacts of crypto.   In the meantime, various government agencies in the US are preparing reports on digital assets, which will be due by the second half of 2022.   Check out this article on Blockdesk to learn the story's details!  In addition to the upcoming executive order on crypto, we have more exciting cryptocurrency stories for you today. Take a look at them below: Chainalysis: DeFi Protocols For Money Laundering See Increased Utility In 2021 – Blockchain analytics firm Chainalysis recently published its crypto crime report, in which it revealed that DeFi is among the favorite targets of perpetrators for money laundering.   Wonderland Becomes The DAO Of Dystopia – Decentralized autonomous organizations are crucial parts of the cryptocurrency space as they allow the community to govern projects instead of centralized companies. Unfortunately, not all DAO initiatives are legitimate. One of the most popular DeFi DAOs, Wonderland Time, was likely operated by scammers.   Bitcoin Price Dip Shaves Off $7 Billion From Balance Sheets – Despite recording huge gains in 2020 and 2021, the recent Bitcoin price dip had a negative impact on the balance sheets of corporate players that invested in BTC.   Nepal's Banking Institutions: "Crypto Is Illegal" – Following China's cryptocurrency ban, Asian nations are tightening their policies on digital assets. One of them is Nepal, where commercial banks have joined the country's central bank to deem crypto illegal. Hope you enjoyed today's crypto stories. If you want to read more, be sure to check back tomorrow, as we will return with our newest collection! Cheers, The Blockster Team © 2021 Blockster. All rights reserved This message was sent to lelakikelasmenengah@gmail.com by info@blockster.com Queensway, Midtown, Giblartar GX11 1AA, Gibraltar Unsubscribe | Manage Subscription | Forward Email

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