Cryptocurrency and Blockchain Technology

Note: This memo is from 2022. Please see the updated memo here.

This memorandum provides an overview of the functions of cryptocurrency and blockchain technology and describes relevant federal and state regulation. The appendix provides a detailed list of state action with regard to cryptocurrency and blockchain technology.

An illustration of the blockchain ledger, in which each transaction block is "chained" to the previous block.
An illustration of the blockchain ledger, in which each transaction block is “chained” to the previous block.

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