US Treasury proposes AML rules for stablecoins under GENIUS Act
The U.S. Treasury Department has laid out a fresh set of expectations for stablecoin issuers, focusing on how firms must address illicit finance risks under the GENIUS Act. Summary Treasury has proposed AML and sanctions rules that will bring stablecoin issuers under Bank Secrecy Act compliance. Issuers are required to build systems to block, freeze,…
