Outside Source
Institutional cryptocurrency payments could become more popular thanks to Trump’s incoming crypto task force and CBDC ban.
News
US President Donald Trump’s executive order banning the creation of central bank digital currencies (CBDCs) in the United States could mark a significant shift in institutional cryptocurrency adoption, according to industry experts.
The executive order, signed Jan. 23, prohibits the establishment, issuance, circulation or use of CBDCs, citing concerns over their potential to threaten financial system stability, individual privacy and national sovereignty.
The executive order’s CBDC ban is a “game-changer” for the crypto industry in the US, according to Anndy Lian, author and intergovernmental blockchain expert.
The new crypto task force signals a clearer, “more structured” crypto regulatory landscape, Lian told Cointelegraph.
This article first appeared at Cointelegraph.com News
