White House Releases Roadmap on Biden Administration’s Plans To Tackle Crypto Risks
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Summary:- Find Out More -The Biden Administration has revealed a roadmap that it plans on using to tackle the various risks associated with the proliferation

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The government of Ban Ki-moon has released a roadmap to address the various risks posed by the spread of cryptocurrency and digital assets.

In a new statement, Ban Ki-moon's officials said that these people "have been identifying the risks of cryptocurrency in the past year, and acting through the authority of the administrative organs to mitigate the risks."

Officials said that various events in 2022 highlighted the need for a coherent development strategy to pay high attention to cryptocurrencies, including the implosion of Terra (LUNA) and the collapse of the popular cryptocurrency trading center FTX.

The government indicated that it had gathered authoritative experts to establish "the first framework for the development and design of digital assets in a safe and responsible way, and at the same time to solve the risks it brings"

The officials also stressed that the government organizations have strengthened the law enforcement under the moderate premise, but did not point out all the specific companies or coins.

"Just this month, financial institutions issued a joint implementation opinion on the importance of extracting risky digital assets from banking business. Government agencies have launched (or are developing) public awareness programs to help consumers grasp the risks of choosing and purchasing cryptocurrencies. We encourage the regulatory authorities to work hard again, including persistent efforts to deal with and eliminate risks." The exposure of digital asset risks by mit financial enterprises. "

The White House of the United States proposed that Congress should not allow mainstream organizations such as pension funds to invest in encrypted assets. Although the government recognizes the application of independent innovation in the field of financial information services, the first step is to create a security system.

"The government is committed to applying responsible technological innovation to make financial information services cheaper, faster, safer and accessible. However, in order to realize this benefit, the application of new technologies must have a corresponding security system. The security system will ensure the security of new technologies and be beneficial to all. A new data economy will be applied to many people, not just a few. We will continue to promote the digital asset framework that you have developed And work with Congress to achieve these goals. "

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