The Federal Deposit Insurance Corporation (FDIC) Board of Directors has taken another step in implementing the GENIUS Act by approving a proposed rule that would implement Bank Secrecy Act (BSA) and sanctions compliance standards for FDIC-supervised permitted payment stablecoin issuers (PPSIs). The proposed rule would require these PPSIs to comply with applicable regulations regarding anti-money laundering/countering the financing of terrorism […] The post appeared first on <a href="

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