Today, U.S. President Donald Trump signed an executive order (EO) related to Bitcoin and cryptocurrency, titled “Strengthening American Leadership In Digital Financial Technology”. This EO officially banned the creation and issuance of a central bank digital currency (CBDC) in the United States, defining a CBDC as “a form of digital money or monetary value, denominated in the national unit of account, that is a direct liability of the central bank.”

“Except to the extent required by law, agencies are hereby prohibited from undertaking any action to establish, issue, or promote CBDCs within the jurisdiction of the United States or abroad,” the order announced. “Except to the…

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