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and u.s president joe biden is expected to sign a long-awaited executive order this week which will direct justice department treasury and other agencies in u.s to study the legal and economic ramifications of creating a central bank digital currency the white house last year said it was considering a wide-ranging oversight of cryptocurrency market including an executive order to deal with growing threat of ransomware and other cyber crimes bidens order sets an 180 day deadline for a series of reports on future of money and role that cryptocurrencies will play in evolving landscape however reports being ordered could still raise concern about such a move or conclude that it will require congressional approval the biden order likely to come tomorrow comes amid heightened concern about use of cryptocurrencies by russian elites to circumvent western sanctions that have cut russia off from large portions of global economy moves by china and other economies are also there to create their