FDIC Proposes Rule Applying Bank Secrecy Regulations on Stablecoin Issuers
The FDIC has proposed a rule that would extend the requirements of the Bank Secrecy Act and compliance standards to permitted payment stablecoin issuers under its supervision. This move could affect major players in the digital asset space, including Circle Internet Financial (CASH), Coinbase Global (COIN), and PayPal Holdings (PYPL).
Topics: compliance FDIC stablecoins