COINDESK: BITCOIN, ETHEREUM, CRYPTO NEWS AND PRICE DATA·CRYPTO·
U.S. agencies seek stablecoin customer-ID rules akin to banks in new GENIUS Act rule
As reported by CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
The Federal Reserve, Treasury and other regulators have issued a proposed rule that would set identification standards, and it's now open for public comments.
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U.S. financial regulators, including the Federal Reserve and Treasury, have proposed new identification rules for stablecoin customers. These rules aim to align stablecoin customer identification with existing banking standards under the GENIUS Act. The proposed regulations are…
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