FinCEN, Banking Agencies Propose First Customer ID Rules for Stablecoin Issuers

Overview

Federal financial regulators are looking to add some know your customer (KYC) flesh to the bones of the GENIUS Act. The Financial Crimes Enforcement Network (FinCEN), along with the Office of the Comptroller of the Currency, Federal Reserve, Federal Deposit Insurance Corp. and National Credit Union Administration, last month issued a joint Notice of Proposed […] The post FinCEN, Banking Agencies Propose First Customer ID Rules for Stablecoin Issuers appeared first on PYMNTS.com.

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