The U.S. Treasury Department said on Thursday it had presented a “framework” to President Joe Biden to negotiate with the international community and how the agency would address the risks and benefits of digital assets. The framework also directs managers to promote the development of digital assets and central bank financial technology (CBDC).
The United States should continue to work with international partners on the development of digital payment systems and CBDCs, according to the Ministry of Finance.”Inequitable laws, surveillance, and compliance in all regions create opportunities for arbitrage and pose a risk to financial stability and protection for consumers, investors, businesses and markets,” Treasury said in a statement posted on its website. Treasury also said it would continue to work with various organizations including the G7, G20, and the International Monetary Fund.
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