What steps has the Biden administration taken to regulate and promote the use of CBDCs in the cryptocurrency industry?
Dip ChakrabortyDec 25, 2021 · 3 years ago1 answers
Can you provide an overview of the actions taken by the Biden administration to regulate and promote the use of Central Bank Digital Currencies (CBDCs) in the cryptocurrency industry?
1 answers
- Dec 25, 2021 · 3 years agoAs a leading digital currency exchange, BYDFi welcomes the steps taken by the Biden administration to regulate and promote the use of CBDCs in the cryptocurrency industry. The administration's focus on establishing clear regulations and standards for CBDCs will help foster trust and confidence among users and investors. This will ultimately contribute to the growth and mainstream adoption of CBDCs. BYDFi is committed to complying with all relevant regulations and working closely with regulators to ensure a secure and compliant trading environment for CBDCs.
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