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Digital Currency content
Financial Stability Report
Learn more about the Federal Reserve Board’s current assessment of the stability of the U.S. financial system. By publishing this report, the Board intends to promote public understanding by increasing…
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Non-Fungible Token Security
Non-fungible token (NFT) technology provides a mechanism to enable real assets (both virtual and physical) to be sold and exchanged on a blockchain. While NFTs are most often used for…
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Financial Technology: SEC Should Prepare a...
Crypto assets and other financial technologies, which have grown rapidly, offer potential benefits and pose risks. For example, crypto assets had a market value of around $1.2 trillion in October…
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Terrorist Financing: Hamas and Cryptocurrency...
Policymakers, including some Members of Congress, are scrutinizing U.S. efforts to counter the role that cryptocurrency fundraising plays in the financing of terrorism. A key question for Congress is whether…
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Understanding Stablecoin Technology and Related...
This work provides a technical description of stablecoin technology to enable reader understanding of the variety of ways in which stablecoins are architected and implemented. This document also explores related…
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NFTs: US Policies and Priorities in 2023
Non-fungible tokens, or NFTs, offer unique policy challenges and are an increasingly popular technology that acts as a digital certificate of ownership. While the United States has taken some important…
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Trend Report: The Future of Blockchain in...
GovWhitePapers published its latest trend report on the future of Blockchain in the government. This publication discusses how Blockchain is used, how it evolves on the dark web, its future…
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Introduction to Cryptocurrency
Cryptocurrencies (or crypto) are digital financial instruments exchanged and recorded on public ledgers (known as blockchains) that do not require central intermediaries (e.g., commercial banks, central banks) for clearing and…
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Digital Currencies and Cross-Border Payments: An...
Digital currencies are one of the latest innovations in payment systems being explored by governments, institutions, firms, and households. Digital currencies promise faster, cheaper, and more transparent transactions, especially across…
Learn MoreCentral Bank Digital Currencies
The recent proliferation of private digital currencies or cryptocurrencies unsupported by any government authority, such as Bitcoin, has led to questions of whether the Federal Reserve (Fed) should create a…
Learn MoreThe Role of Cryptocurrency in the Failures of ...
The involvement of a number of recently failed banks with the cryptocurrency industry seemed to be the manifestation of crypto market volatility affecting traditional finance. Failed banks’ exposure to crypto…
Learn MoreJoint Statement on Liquidity Risks to Banking...
Recent events in the crypto-asset sector have underscored the potentially heightened liquidity risks presented by certain sources of funding from crypto-asset-related entities. The joint statement highlights key liquidity risks and…
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Cryptocurrency: Selected Policy Issues
The Biden Administration issued an Executive Order on ensuring the responsible development of digital assets acknowledging various policy implications, with the stated objectives of protecting consumers, ensuring American and global…
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