The U.S. Department of the Treasury plans to implement new anti-money laundering and sanctions compliance regulations for stablecoin issuers.

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ME News message: On April 9 (UTC+8), the Financial Crimes Enforcement Network (FinCEN) under the U.S. Department of the Treasury and the Office of Foreign Assets Control (OFAC) will jointly release proposed rules requiring stablecoin issuers to establish a comprehensive anti-money laundering and sanctions compliance framework. The measures include freezing, blocking, and rejecting suspicious transactions, and complying with relevant provisions of the Bank Secrecy Act. The rules emphasize an effects-based approach, stating that financial institutions know their own risks best; issuers that build sound compliance systems are generally able to avoid enforcement actions. This move is intended to implement the GENIUS Act passed last year, which is expected to fully take effect in 2027. (Source: ChainCatcher)

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