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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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Stablecoin Issuers Face New Bank-Level Identity Verification Requirements Under GENIUS Act - MoneyCheck
https://moneycheck.com/stablecoin-issuers-face-new-bank-level-identity-verification-requirements-under-genius-act/