U.S. Cracks Down: Stablecoin Issuers Face Mandatory AML and Sanctions Compliance Rules
The U.S. Treasury is proposing new rules requiring stablecoin issuers to implement robust anti-money laundering and sanctions compliance programs. The rules, drafted by FinCEN and OFAC, mandate transaction monitoring, freezing of suspicious funds, and screening for high-risk activities to align with the GENIUS Act, aiming to protect the financial system while supporting innovation.
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