Federal regulation of digital transactions is a long time coming. In March 2022, President Biden directed federal agencies to assess the benefits and risks of integrating digital assets into the mainstream. On Sept. 16, he announced a digital-asset agenda that includes development of a U.S. central bank digital currency (CBDC). But the Federal Reserve first needs to measure how well a CBDC might meet objectives such as protecting consumers, promoting financial inclusion and minimizing national security risks. The U.S. Treasury Department has released several reports exploring a possible framework and is asking the public to submit comments by Nov. 3. For more details: https://bit.ly/3SluJWZ Call or visit our website for more information! www.mjscpa.com/
