In this video, we’re going to be discussing the recent executive order issued by the United States government that deals with cryptocurrency. This executive order is a response to the increased use of cryptocurrency in the world and the potential risks that come with it.
The executive order is mainly focused on two things. The first is to combat the use of cryptocurrencies for illicit activities such as money laundering and terrorist financing. The second is to protect the US from the potential risks that arise from the use of cryptocurrency, such as price manipulation, cyber theft, and other malicious activities.
The executive order requires financial institutions to obtain specific information about their customers that use cryptocurrency, including their identities and the sources of their funds. It also requires financial institutions to report suspicious transactions to the US Treasury Department.
The executive order also seeks to increase transparency in the cryptocurrency industry by requiring companies to register with the US government and provide the government with information about their operations.
The executive order is an attempt by the US government to regulate the cryptocurrency industry in order to protect investors and stop illicit activities. It is also an effort to make sure that the US is well-positioned to take advantage of the potential benefits that cryptocurrency can bring.
The executive order is a response to the increasing popularity of cryptocurrency and the potential risks that come with it. It is a sign that the US is taking cryptocurrency seriously and is committed to regulating the industry in order to protect investors and prevent illicit activities.
