GENIUS Act Targets Illicit Finance: Treasury Proposes AML Rules for Stablecoin Issuers
US Treasury Targets illicit Finance in Stablecoin World
The US Treasury has floated new rules under the GENIUS Act that would force payment stablecoin issuers to build robust anti-money laundering programs and gain the power to block or freeze transactions they deem suspect. This proposed regulation comes at time when stablecoins daily volumes reach hundreds of billions, playing increasingly pivotal roles in crypto markets.
What spark this news? The US Treasury’s move comes under the proposed GENius Act — targeted at addressing illicit finance risks associated with digital payments tokens — genetically engineered? genetically engineered? genetically engineer? — genetally — genetally — genetally — garbage trash — garbage trash — garbage — trash —
事实上
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