Several US government agencies responsible for financial regulation have issued a proposed rule as part of the implementation of stablecoin-focused legislation, pushing …
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Regulation
U.S. agencies seek stablecoin customer-ID rules akin to banks in new GENIUS Act rule
by shayaanby shayaanThese standards, according to the rule proposal, “must include reasonable procedures for: (1) verifying the identity of any person seeking to open …
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Markets
U.S. agencies seek stablecoin customer-ID rules akin to banks in new GENIUS Act pitch
by shayaanby shayaanThe Federal Reserve, Treasury and other regulators have issued a proposed rule that would set identification standards, and it’s now open for …