Treasury Andersekretri Nellie Liang said, “crypto assets growing number of buyers and we are aware of the complicated way to work some of them. It seems that it would be useful to raise awareness about this.” Regulators have it be a risk to the financial system from the growing popularity of fears that crypto assets. Kriptokrnsij value went to exceed last year grew 3 trillion dollars (about Rs 22,939,400 crore). As noted in the research of the University of Chicago last year, nearly 14 percent of the people had invested in digital assets.
Some firms involved in crypto also help increase awareness of this segment through a marketing campaign involving celebrities and athletes. Treasury includes 20 agencies, including the Securities and Exchange Commission and the Department of Education Unit. Its chief Gary Gensler said last year that is full of scams and problems in crypto industry. Treasury is also considering strengthening simplify payments from abroad and financial inclusion through the Department crypto associated risk about as well as crypto raise awareness.
US President Joe Biden has signed an executive order on digital assets. In this, the Federal Reserve, a regulatory authority for monitoring crypto, has been asked to consider whether it should issue its own digital currency. It also includes a study by the Treasury Department and other agencies on the impact of cryptocurrencies on the financial system and security. With the rapid increase in the number of people investing in crypto in America, the cases of fraud related to it have also increased. For this reason, regulators want to increase surveillance of this segment. Scrutiny of this segment has also been increased in some other countries.
(This news has not been edited by NDTV team. It has been published directly from Syndicate feed.)<!–
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