The US Treasury said Thursday that it has presented President Joe Biden with a framework for international engagement and an interagency approach to addressing the risks and benefits of digital assets.
The proposed framework also guides the government to promote the development of digital asset technologies and central bank digital currencies (CBDC).
The United States should continue to work with international partners on standards for the development of digital payment formats and CBDCs, according to the Treasury.
“Uneven regulation, supervision and compliance across jurisdictions create arbitrage opportunities and increase risks to financial stability and the protection of consumers, investors, businesses and markets,” the body said in a statement posted on its website.
The Treasury also said it will continue to work with a number of organizations, including the G7, G20 and the International Monetary Fund (IMF).
Source: CNN Brasil
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