Nikhilesh De, of CoinDesk, has made available for download his article “US Treasury Develops ‘Framework’ for International Crypto Regulation”, published on CoinDesk. The abstract is as follows:
The U.S. Treasury Department published a fact sheet Thursday outlining how it could work with foreign regulators to address the cryptocurrency sector.
The fact sheet, which is the first report published by the department as a result of U.S. President Joe Biden’s executive order on crypto, said the framework “is intended to ensure that … America’s core democratic values are respected,” pointing to consumer, investor and business protection, the safety of the global financial system and interoperability.
According to the sheet, the framework’s policy objectives also include reducing the potential use of crypto for illicit finance, promoting access to financial services, supporting technological advancement and “reinforc[ing] U.S. leadership in the global financial system.”
Click here to view the full article: “US Treasury Develops ‘Framework’ for International Crypto Regulation”
Posted by Marin Larkin, Associate Editor, Wealth Strategies Journal.