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The Treasury Department has finalized GENIUS Act regulations, creating a comprehensive AML compliance roadmap for stablecoin issuers. These rules establish strict reserve standards and registration requirements to integrate digital tokens into the traditional financial system.
The Treasury Department is bringing stablecoin issuers under the Bank Secrecy Act, treating them as full financial institutions. From SAR filing to sanctions screening, these new rules signal a massive shift in digital asset surveillance.
The U.S. Treasury is proposing landmark rules under the GENIUS Act to treat stablecoin issuers as financial institutions. This shift introduces strict AML and BSA compliance requirements that could reshape the entire digital asset ecosystem.
FinCEN and OFAC's proposed framework doesn't just regulate stablecoins—it redefines who can participate in the digital economy In 2011, when the Financial Crimes Enforcement Network first issued guidance on virtual currencies, Bitcoin was trading at less than a dollar and the ide
