US Treasury unveils proposed stablecoin rules targeting money laundering, sanctions
The Block
The U.S. Treasury has proposed new rules for stablecoin issuers to strengthen anti-money laundering and sanctions compliance under the GENIUS Act.Summary
The U.S. Treasury Department, through FinCEN and OFAC, has introduced proposed regulations for permitted payment stablecoin issuers. These rules, mandated by the GENIUS Act, require issuers to implement robust anti-money laundering (AML) and counter-terrorism financing (CFT) programs, alongside effective sanctions compliance measures. This initiative aims to protect the U.S. financial system from national security threats while allowing companies to continue innovating within the digital asset ecosystem by the January 2027 compliance deadline.
(Source：The Block)