News Explorer — Banking Trade Groups Advocate for Enhanced AML Rules in Secondary Markets for Stablecoin Transactions

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Jun 11, 3:03 pm

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Banking Trade Groups Advocate for Enhanced AML Rules in Secondary Markets for Stablecoin Transactions

U.S. banking trade groups are urging regulators to clarify oversight of stablecoin transactions post-issuance, emphasizing the need for more stringent AML rules in secondary markets. The Bank Policy Institute and The Clearing House argue that current requirements are insufficient for DeFi firms and digital asset custodians.

U.S. banking trade groups are urging regulators to clarify oversight of stablecoin transactions post-issuance, emphasizing the need for more stringent AML rules in secondary markets. The Bank Policy Institute and The Clearing House argue that current requirements are insufficient for DeFi firms and digital asset custodians.

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