In the Spotlight
FDIC Board Advances Proposed Bank Secrecy Act Rule for Stablecoin Issuers
Key Takeaways Regulators moved to set compliance standards for FDIC-supervised payment stablecoin issuers.Proposed requirements include AML/CFT programs, sanctions controls, reporting, and enforcement procedures.The proposal would establish a federal enforcement framework for stablecoin issuers tied to [...]
