| Description |
1 online resource (iii, 57 pages) : color illustrations |
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text txt rdacontent |
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computer c rdamedia |
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online resource cr rdacarrier |
| Note |
"December 2023." |
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"GAO-24-106178." |
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In scope of the U.S. Government Publishing Office Cataloging and Indexing Program (C&I) and Federal Depository Library Program (FDLP). |
| Bibliography |
Includes bibliographical references. |
| 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. |
| 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. |
| Note |
Description based on online resource; title from PDF cover page (GAO, viewed December 14, 2023). |
| Subject |
Economic sanctions, American -- Management.
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Cryptocurrencies -- Risk assessment -- United States.
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Sanctions économiques américaines -- Gestion.
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Cryptomonnaie -- Évaluation du risque -- États-Unis.
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| Added Author |
United States. Congress. Senate. Select Committee on Intelligence, sponsoring body.
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| Added Title |
Agency efforts help mitigate some of the risks posed by digital assets |
| Gpo Item No. |
0546-D (online) |
| Sudoc No. |
GA 1.13:GAO-24-106178 |
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