The proposed rules by US government agencies suggested that stablecoin issuers be subject to customer identification program requirements under the Bank Secrecy Act, the same as regulated financial firms.
US regulators are proposing new rules for stablecoin issuers. These rules would subject stablecoin companies to customer identification program requirements, similar to those for regulated banks under the Bank Secrecy Act. This move aims to increase oversight and transparency in…
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