Within a month of the announcement of India’s Union Budget 2022 about the arrival of a digital rupee, US President Joe Biden signed an executive order establishing a national policy for digital assets and a digital dollar. A US executive order signed by President Joe Biden on March 9 directed government agencies to review the risks and potential benefits of digital assets, including cryptocurrencies, and to also calculate the risks and benefits associated with establishing a central bank digital currency, such as a digital version of the US dollar.Consumer protection, financial stability, illicit finance, the competitive advantage of the US economy, financial inclusion, and responsible innovation are the six major themes addressed in the initiatives.Additionally, the US Treasury, Federal Reserve, Securities and Exchange Commission, Consumer Financial Protection Bureau, and banking regulators were asked to prepare reports on the broader implications of digital assets, including the effe
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