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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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Federal Agencies Unveil Banking-Level Identity Verification Requirements for Stablecoin Providers - Blockonomi
https://blockonomi.com/federal-agencies-unveil-banking-level-identity-verification-requirements-for-stablecoin-providers/