OFFICE OF THE COMPTROLLER OF THE CURRENCY ISSUES PROPOSED RULE: PERMITTED PAYMENT STABLECOIN ISSUER ANTI-MONEY LAUNDERING/COUNTERING THE FINANCING OF TERRORISM AND SANCTIONS COMPLIANCE RISK MANAGEMENT

WASHINGTON, June 24 -- Office of the Comptroller of the Currency has issued a proposed rule called: Permitted Payment Stablecoin Issuer Anti-Money Laundering/Countering the Financing of Terrorism and Sanctions Compliance Risk Management.

The proposed rule was published in the Federal Register on June 24 by Jonathan V. Gould, Comptroller of the Currency.

Summary: The Office of the Comptroller of the Currency (OCC), in coordination with the Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) and the Office of Foreign Assets Control (OFAC), proposes to issue regulations to implement the Guiding and Establishing National Innovation for U.S. Stablecoins Act's requirement to issue regulations implementing appropriate Bank...