CryptoWorld News reports that, according to Crowdfund Insider, Circle has submitted two comment letters to the U.S. Department of the Treasury in response to proposed rules by FinCEN on anti-money laundering (AML) and sanctions frameworks, as well as FinCEN and OFAC's AML/CFT and sanctions compliance rules for licensed payment stablecoin issuers (PPSI) under the Genius Act. Circle urges regulators to recognize blockchain-native compliance tools such as on-chain monitoring, smart contract-level address restrictions, transaction graph analysis, and transparency of public ledgers, and states that relevant rules should not be designed solely around banks but should also apply to non-bank entities like stablecoin issuers.

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PublicBlockchainUnderTheAurora
· 4h ago
The idea of address restrictions at the smart contract level is interesting; code is law, and it can also be implemented on the compliance layer.
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ElevatorMeme
· 4h ago
Someone finally said it clearly — stablecoins are not banks, don't apply banking standards to them.
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