Federal Reserve rolls out proposing rulemaking requiring stablecoin issuers to maintain customer identification program

Everyday investors that own Strategy’s STRC have been drawn to double-digit yields, but the preferred stock’s volatility has shaken some....

The proposed rulemaking establishes how U.S. crypto companies will have to screen stablecoin customers after the passage of the GENIUS Act....

Bitcoin Magazine Federal Reserve Moves to Close Stablecoin Loopholes With New Customer ID Rules The Federal Reserve proposed requiring stablecoin issuers to verify customer identities before account opening or direct token redemption, extending bank-style anti-money laundering standards to stablecoins. This post Federal Reserve Moves to Close Stablecoin Loop...