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Economic sanctions: agency efforts help mitigate some of the risks posed by digital assets : report to the Select Committee on Intelligence, U.S. Senate.
Connect to full text Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- United States. Government Accountability Office, author.
- Language:
- English
- Subjects (All):
- Economic sanctions, American--Management.
- Economic sanctions, American.
- Cryptocurrencies--Risk assessment--United States.
- Cryptocurrencies.
- United States.
- Physical Description:
- 1 online resource (iii, 57 pages) : color illustrations
- Other Title:
- Agency efforts help mitigate some of the risks posed by digital assets
- Place of Publication:
- Washington, DC : United States Government Accountability Office, 2023.
- Summary:
- The increasing use of digital assets may pose challenges for the implementation and enforcement of U.S. sanctions. As of October 2023, the total market capitalization of all cryptocurrencies was about $1.1 trillion, according to one index. The U.S. maintains dozens of economic sanctions programs to serve a range of foreign policy goals. Sanctions may place economic restrictions on entire countries, sectors of countries' economies, individuals, or entities. Such restrictions can include, for example, denying a designated entity access to the U.S. financial system or freezing an entity's assets under U.S. jurisdiction. This report describes (1) the risks that digital assets pose to U.S. agencies' ability to implement and enforce U.S. sanctions and factors that may mitigate those risks, and (2) actions U.S. agencies have taken to address the risks that digital assets present with regard to implementing and enforcing U.S. sanctions.
- Contents:
- Background.
- Digital assets pose sanctions risks that can be managed by several factors.
- Agencies have taken actions to address certain risks digital assets my pose to U.S. sanctions.
- Agency comments.
- Appendices.
- Notes:
- "December 2023."
- "GAO-24-106178."
- In scope of the U.S. Government Publishing Office Cataloging and Indexing Program (C&I) and Federal Depository Library Program (FDLP).
- Includes bibliographical references.
- Description based on online resource; title from PDF cover page (GAO, viewed December 14, 2023).
- OCLC:
- 1414201193
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