FDIC Advances Proposal Requiring FDIC-Supervised Stablecoin Issuers to Maintain AML/CFT, Sanctions Controls
cryptocrypto-regulation 1 posts · 1 accounts
The FDIC advanced a proposed Bank Secrecy Act rule that would require FDIC-supervised stablecoin issuers to maintain AML/CFT programs, sanctions controls and reporting obligations under the GENIUS Act.
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@coinmarketcapLATEST: 🏦 The FDIC advanced a proposed Bank Secrecy Act rule requiring FDIC-supervised stablecoin issuers to maintain AML/CFT programs, sanctions controls, and reporting obligations under the GENIUS Act.