US Treasury moves forward with GENIUS Act, focusing on illicit finance

US Treasury moves forward with GENIUS Act, focusing on illicit finance

2.21%LINK$8.99 0.17%DOGE$0.09345 0.24%ADA$0.2537 1.38%BTC$71,488 1.30%XLM$0.1587 0.76%SOL$83.31 0.58%XRP$1.35 0.10%BCH$443.39 0.23%ETH$2,212 2.76%HYPE$39.51 3.62%TRX$0.3178 0.97%BNB$606.68 1.01%USD Written by Turner Wright,Staff WriterReviewed by Robert Lakin,Staff EditorUS Treasury moves forward with GENIUS Act, focusing on illicit finance2 hours agoThe proposed rule would direct payment stablecoin issuers to establish AML/CFT and sanctions compliance programs, and be able to “block, freeze, and reject” certain transactions. Payment stablecoin issuers in the United States will be required to implement a regime targeting illicit finance under the proposed framework for the GENIUS Act. In a Wednesday notice, the US Treasury Department said its Financial Crimes Enforcement Network and Office of Foreign Assets Control (OFAC) had issued a joint proposed rule to implement provisions of the GE

Source: https://cointelegraph.com/news/treasury-genius-act-rule-illicit-finance?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound