US Government Revising Definition of Money to Tighten Regulation on Cryptocurrencies

The US government is working to change the definition of money in order to expand financial reporting regulations for both domestic and international cryptocurrency transactions. This move also includes legally backed digital currencies like central bank digital currencies (CBDCs). Meanwhile, the US Department of Justice is revising laws and regulations regarding artificial intelligence to utilize it in combating crimes. These changes could have a significant impact on the cryptocurrency industry and also on how artificial intelligence is used within the judicial system.

Source: cointelegraph.com