WASHINGTON, June 22 -- Financial Crimes Enforcement Network has issued a proposed rule called: Permitted Payment Stablecoin Issuer Customer Identification Program.
The proposed rule was published in the Federal Register on June 22 by Andrea M. Gacki, Director, Financial Crimes Enforcement Network.
Summary: The Financial Crimes Enforcement Network (FinCEN), together with the Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System (Board), the Federal Deposit Insurance Corporation (FDIC), and the National Credit Union Administration (NCUA) are jointly issuing this proposed rule to implement certain provisions of the Guiding and Establishing National and Innovation for U.S. Stablecoins Act (GENIU...