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US Agencies Push User ID Requirements for Stablecoin Issuers Akin to Regulated Banks
A rule related to the implementation of the GENIUS Act will be open to public comment for 60 days, proposing that stablecoin issuers verify user identities in accordance with the Bank Secrecy Act.
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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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theblock.co
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.
