The Fed and 4 agencies propose KYC rules for payment stablecoin issuers as Gov. Barr flags GENIUS Act illicit finance gaps.

The Federal Reserve and FinCEN propose customer identification requirements for stablecoin issuers under the GENIUS Act, opening a public comment period.

The proposed rulemaking establishes how U.S. crypto companies will have to screen stablecoin customers after the passage of the GENIUS Act.

The Fed rolled out a rule requiring stablecoin issuers to have a program in place to identify customers to combat illicit finance.

The Federal Reserve proposed requiring stablecoin issuers to verify customer identities before account opening or direct token redemption, extending bank-style anti-money…

The Federal Reserve proposed new rules requiring stablecoin issuers to screen customers under the GENIUS Act. Powell supports the move while Warsh abstains.

The Fed and 4 agencies propose KYC rules for payment stablecoin issuers as Gov. Barr flags GENIUS Act illicit finance gaps.

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.

...Powell supports, Warsh abstains.