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Federal Reserve rolls out proposing rulemaking requiring stablecoin issuers to maintain customer identification program
The Fed rolled out a rule requiring stablecoin issuers to have a program in place to identify customers to combat illicit finance.
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cryptobriefing.com
Fed proposes bank-like identification standards for stablecoin issuers
The Federal Reserve and FinCEN propose customer identification requirements for stablecoin issuers under the GENIUS Act, opening a public comment period.
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decrypt.co
Jerome Powell Supports Fed's New Stablecoin Policies—But Chair Kevin Warsh Abstains - Decrypt
The proposed rulemaking establishes how U.S. crypto companies will have to screen stablecoin customers after the passage of the GENIUS Act.
