U.S. Treasury Department Proposes Rule for Anti-Money Laundering and Sanctions Compliance for Stablecoin Issuers

Summary

The U.S. Department of the Treasury's FinCEN and OFAC are jointly proposing a rule to implement provisions of the GENIUS Act, which would require permitted payment stablecoin issuers to comply with anti-money laundering and sanctions regulations, as well as maintain effective sanctions compliance programs.

Original source language: Federal Register — Department of the TreasuryOpen original release →

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