California has become the first American state to launch an official effort to examine how to regulate digital monies. The effort began when Governor Gavin Newsom recently signed an executive order calling on state agencies to start considering new regulations. The order also requires officials to find safe ways to widely adapt the use of digital currencies also called cryptocurrencies across the state. A cryptocurrency is a form of money that does not exist in physical form. Governments and banks do not oversee it. A network of computers records cryptocurrency activity between users. This activity is included in a “ledger,” or list, known as the blockchain. U.S. President Joe Biden ordered similar national action in March. Biden’s order directed federal agencies to consider regulatory measures for cryptocurrencies. It also urged the Federal Reserve, the U.S. central bank, to explore whether it should create its own digital currency. California has the largest economy in the United States. Officials see the state as a good candidate for developing cryptocurrency and blockchain technologies.
Title: California Launches Effort to Examine How to Regulate Cryptocurrency
Content: <div id='article-page'><div id='article-content' data-media-url='//news-app-staging.s3.amazonaws.com' data-base-url='//news-app-staging.herokuapp.com' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/5528/A9.wav' data-capture-url='//staging.analytics.lingraphica.com/events/capture_news' data-article-title='California Launches Effort to Examine How to Regulate Cryptocurrency' data-article-id='6091'><script src='//news-app-staging.herokuapp.com/javascripts/getscripts.js'></script><link rel='stylesheet' href='//news-app-staging.herokuapp.com/stylesheets/article.css' type='text/css' /><div class='article'><p><span data-start-time='0' data-end-time='13354'>California has become the first American state to launch an official effort to examine how to regulate digital monies.</span> <span data-start-time='13354' data-end-time='28313'>The effort began when Governor Gavin Newsom recently signed an executive order calling on state agencies to start considering new regulations. </span> <span data-start-time='28313' data-end-time='44563'>The order also requires officials to find safe ways to widely adapt the use of digital currencies also called cryptocurrencies across the state.</span> <span data-start-time='44563' data-end-time='52500'>A cryptocurrency is a form of money that does not exist in physical form. </span> <span data-start-time='52500' data-end-time='57125'>Governments and banks do not oversee it. </span> <span data-start-time='57125' data-end-time='65063'>A network of computers records cryptocurrency activity between users. </span> <span data-start-time='65063' data-end-time='73167'>This activity is included in a “ledger,” or list, known as the blockchain.</span> <span data-start-time='73167' data-end-time='80917'>U.S. President Joe Biden ordered similar national action in March. </span> <span data-start-time='80917' data-end-time='90604'>Biden’s order directed federal agencies to consider regulatory measures for cryptocurrencies. </span> <span data-start-time='90604' data-end-time='102104'>It also urged the Federal Reserve, the U.S. central bank, to explore whether it should create its own digital currency.</span> <span data-start-time='102104' data-end-time='107938'>California has the largest economy in the United States. </span> <span data-start-time='107938' data-end-time='117896'>Officials see the state as a good candidate for developing cryptocurrency and blockchain technologies.</span> </p></div><div class='control-buttons-sticky' style='display:none;'><div class='control-buttons'><button title='Back' class='back' disabled='disabled'></button><button title='Play' class='play' disabled='disabled'></button><button title='Pause' class='pause' style='display:none;'></button><button title='Forward' class='forward' disabled='disabled'></button><button class='finished-reading' style='display:none;'>Done</button></div></div></div><div id='article-media'><div id='media-image'><img src='https://news-app-production.s3.amazonaws.com/articles/5528/9.jpeg'/></div></div><div id='question-content' style='display:none;'><div class='vocabulary_question question-container' data-question-id=18575 data-hint-location='0' style='display:none;'><div class='question' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/5528/which_of_the_following_is_a_definition_of_the_word_regulate.wav'>Which of the following is a definition of the word regulate?</div><div class='choices' data-correct-choice='to control or supervise'><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/5528/to_control_or_supervise.wav'><span>to control or supervise</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/5528/standard_or_normal.wav'><span>standard or normal</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/5528/to_send_back.wav'><span>to send back</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/5528/a_key_figure_within_a_monarchy.wav'><span>a key figure within a monarchy</span></div></div></div><div class='multiple_choice_question question-container' data-question-id=18576 data-hint-location='65063' style='display:none;'><div class='question' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/5528/what_is_the_ledger_or_list_of_cryptocurrency_transactions_called.wav'>What is the ledger or list of cryptocurrency transactions called?</div><div class='choices' data-correct-choice='the blockchain'><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/5528/the_blockchain.wav'><span>the blockchain</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/5528/the_block_party.wav'><span>the block party</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/5528/the_back_page.wav'><span>the back page</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/5528/the_chainsaw.wav'><span>the chainsaw</span></div></div></div><div class='sentence_completion_question question-container' data-question-id=18577 data-hint-location='73167' style='display:none;'><div class='question' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/5528/us__blank__joe_biden_ordered_similar_national_action_in_march_.wav'>U.S. <span class='blank'>President</span> Joe Biden ordered similar national action in March. </div><div class='choices' data-correct-choice='President'><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/5528/president.wav'><span>President</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/5528/present.wav'><span>present</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/5528/presenter.wav'><span>presenter</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/5528/prevalent.wav'><span>prevalent</span></div></div></div><div class='question-buttons'><button class='skip-button'></button><button class='hint-button'></button><button class='speak-button'></button></div></div></div>
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