In this second April edition of crypto regulatory affairs, we will cover:
US Treasury proposes secondary market sanctions compliance for stablecoin issuers under GENIUS Act
The United States Department of the Treasury has published a long-awaited notice of proposed rulemaking (NPRM) that would require stablecoin issuers to implement stringent sanctions compliance requirements under the GENIUS Act.
On April 8, the Treasury’s Financial Crimes Enforcement Network (FinCEN) and the Office of Foreign Assets Control (OFAC) jointly released an NPRM detailing proposed requirements for permitted payment stablecoin issuers (PPSIs) related to combatting illicit finance. The NPRM sets out anti-money laundering and countering the financing of…
