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US Agencies Push User ID Requirements for Stablecoin Issuers Akin to Regulated Banks

Several US government agencies responsible for financial regulation have issued a proposed rule as part of the implementation of stablecoin-focused legislation, pushing for similar...

U.S. agencies seek stablecoin customer-ID rules akin to banks in new GENIUS Act rule

These standards, according to the rule proposal, "must include reasonable procedures for: (1) verifying the identity of any person seeking to open an account...