This prevents effective supervision through domestic regulators, especially in the absence of international agreements on regulatory compliance and supervision. [37] 2.5 Substitutability Some blockchains and assets within the crypto system would be difficult to replace in the short term. At the current juncture, the crypto-system is largely self-referential, and crypto-assets are hardly used outside the crypto system.
We are developing local and national event management centers to maintain a consistent flow of information within the Federal Reserve, with our business partners, and with the public at large.