17 March 2022
Last week US President Biden signed an executive order to form the first-ever regulatory plan for digital assets in the United States.
The Executive Order marks the first time the White House has weighed in formally on cryptocurrencies.
The announcement will help support the U.S in playing a leading role in the innovation and governance of digital assets at home, and on an international level.
The cryptocurrency policy outlines the development of key areas like consumer protection, national security, and illicit finance.
This is seen as a major breakthrough for the fintech industry, with clear direction moving forward, complete with set timetables and deadlines.
While Biden’s executive order is just the beginning of regulation, it is the first sign of a centralized government push to effectively manage the use of cryptocurrencies and digital assets.
The Qoin Blockchain is created on the Quorum Platform, a J.P Morgan and Microsoft partnership initiative – two of America’s largest tech and financial services who welcome the move.
This announcement now paves the way for Qoin to enter the USA market over the next 12 months.