The U.S. Federal Deposit Insurance Corporation (FDIC) has proposed a new rule to establish a Bank Secrecy Act and sanctions compliance framework for stablecoin issuers. 

According to the FDIC’s statement on Friday, the new rule will require issuers to have a strict program for anti-money laundering and countering the financing of terrorism (AML/CFT).  

Additionally, the issuers will be used to enforce U.S. economic sanctions and fulfill standard reporting requirements. Besides, other provisions by FinCEN and OFAC, like senders’ and receivers’ IDs of stablecoin transfers, are covered by the new rule. 

It’s worth pointing out that players like Tether recently helped the U.S. Treasury to freeze $344 million of crypto funds…