OCC (U.S. banking regulator) Proposes Rules for Payment Stablecoin (crypto token pegged to fiat) Issuers, Including Foreign, and Custodians

According to the draft, BSA/AML (Bank Secrecy Act anti-money laundering) and OFAC (U.S. sanctions office) provisions will be coordinated with the Treasury (U.S. Department of the Treasury); public comments are due 60 days after Federal Register (official U.S. rulemaking journal) publication.

48d ago