Biden to order studies on regulating, issuing cryptocurrency -source

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By Andrea Shalal WASHINGTON (Reuters) – U.S. President Joe Biden is expected to sign a long-awaited executive order this week directing the Justice Department, Treasury and other agencies to study the legal and economic ramifications of creating a U.S. central bank digital currency, a source familiar with the matter said on Monday. The White House last year said it was considering a wide-ranging oversight of the cryptocurrency market – including an executive order – to deal with growing threat of ransomware and other cyber crime. Biden’s order sets an 180-day deadline for a series of reports o…

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