A U.S. crypto bill could open the door for banks and credit unions to handle far more digital asset activity, but the real fight is over stablecoin rewards, deposit flight, and who gets to police crypto in the first place.
Read Full Article
U.S. regulators are moving to force stablecoin issuers into bank-style KYC/AML rules under the GENIUS Act, tightening oversight on direct accounts while mostly leaving secondary transfers alone. It’s a big step toward legit adoption — and a bigger hit to crypto’s privacy-first crowd.
Read Full Article
The FDIC is tightening the screws on stablecoin issuers, proposing anti-money laundering and sanctions rules that would pull regulated issuers squarely into the banking compliance machine. For more context, the push is laid out in Stablecoin Regulation: FDIC Announces New Proposed AML Rules For Issuers. FDIC proposes AML and sanctions rules for supervised stablecoin issuers […]
Read Full Article
Coinbase Advocates Zero-Knowledge Proofs to Revamp Outdated Bank Secrecy Act Coinbase, a heavyweight in the cryptocurrency exchange arena, is taking a bold stand against the U.S. Bank Secrecy Act (BSA), labeling it a fossil of a bygone era and proposing Zero-Knowledge Proofs (ZKPs) as the key to drag financial compliance into the blockchain age. Chief […]
Read Full Article