Key Takeaways:
- US Treasury is planning to launch a campaign to increase awareness related to cryptocurrency investing, especially for investors.
- The Financial Literacy Education Campaign is creating educational materials and outreach strategies.
The market of digital assets is booming at the moment. However, there is still a need to scale awareness regarding it. A large part of the population is still hesitant to participate in the crypto world due to their lack of knowledge. To solve this issue, the U.S Treasury has initiated an awareness programme regarding investing in cryptocurrencies. An official of the Treasury said, “We’re just trying to raise awareness without trying to stamp out new technology and innovation.”
Nellie Liang shared this news in an interview with Reuters, Treasury undersecretary for domestic finance. She said that there are several complexities involved in this field, and therefore more education and awareness related to this is required.
She further said that though risks are involved in this area, the public should also know about the perks. Therefore, the Treasury’s Financial Literacy Education Commission will plan to create materials and strategies to spread awareness to a large group.
Their target audience is investors who do not have much access to mainstream financial services. Therefore, this step is taken to inform them about benefits such as “improving cross-border payments” and “bolstering financial inclusion.”
