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fromnews.bitcoin.com
9 hours ago

FDIC Board Advances Proposed Bank Secrecy Act Rule for Stablecoin Issuers

The FDIC announced on May 22 that its board approved a notice of proposed rulemaking for Bank Secrecy Act (BSA) and sanctions compliance standards covering FDIC-supervised permitted payment stablecoin issuers (PPSIs). The proposal would implement requirements under the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act). A PPSI is an issuer approved to issue payment stablecoins under federal oversight.
Cryptocurrency
Cryptocurrency
fromnews.bitcoin.com
1 week ago

Brazil Slaps Banco Topazio With $3.2M Fine and 2-Year Crypto Trading Ban

Banco Topazio was banned for two years and fined $3.2M for compliance failures in foreign crypto trading, including missing third-party qualification and AML/CFT risk assessment.
Miscellaneous
fromBitcoin Magazine
4 months ago

Belarus Creates Legal Framework For Bitcoin Banks

Belarus established a legal framework enabling HTP-registered joint-stock crypto banks to provide hybrid fiat and digital token services under dual non-bank regulation.
fromBitcoin Magazine
8 months ago

Why The Democrats' Latest Framework For Crypto Market Structure Could Hurt Financial Privacy

The group of Democrats, which included Senate Banking ranking member Ruben Gallego (AZ), Kirsten Gillibrand (NY), and Catherine Cortez Masto (NV), stated in the first page of the document that digital assets legislation should be guided by certain values, include "protecting financial privacy while denying bad actors access to the financial system." In the fifth section of the framework, they outlined what this looks like. The outline included the following points:
US politics
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