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White House wants feedback on digital asset policy
01/31/2023

White House wants feedback on digital asset policy

01/31/2023
4,5

The White House Office of Science and Technology Policy (OST) has begun requesting feedback from individuals and organizations about the use of cryptocurrency exchanges.

 

As part of the current national digital asset research and development program, it is expected that these reviews and comments will help the government create more effective conditions for managing the development of digital assets.

 

The Internal Revenue Service (IRS) classifies cryptocurrencies as taxable property, so US financial regulators are constantly showing interest in blockchain and cryptocurrencies. They must ensure that crypto organizations operate in accordance with the requirements of financial laws. An important role in the settlement is played by the Financial Crimes Enforcement Network (FinCEN) – it prevents and punishes crypto crimes related to money laundering and other types of financial fraud.


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The materials found on the Cryptonica website shall not be taken as individual investment recommendations. The financial instruments or operations mentioned therein may not align with your investment profile or objectives. We assume no responsibility for any missing facts or inaccurate information in the texts. Cryptocurrencies are financial assets with high risk and volatility. Therefore, it is crucial that you conduct your own research on financial instruments and make independent decisions. Before engaging in any actions related to cryptocurrency, you shall study, understand, and comply with the laws applicable in your region and country.

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