TL;DR: FinCEN and the Federal Reserve are withdrawing a proposed expansion of US recordkeeping and Travel Rule requirements that would have covered …
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Regulation
Fed, FinCEN, and other regulators propose bank-like identification standards for stablecoin issuers
by shayaanby shayaanThe Federal Reserve is seeking feedback on a proposal that would mandate effective customer identification programs for certain payment stablecoin issuers, mirroring …