U.S. OCC seeks public comment on GENIUS Act payment stablecoin regulatory framework

PANews February 26 News: The U.S. Office of the Comptroller of the Currency (OCC) has issued proposed rules to establish regulatory requirements for “permitted payment stablecoin issuers” within its jurisdiction, as well as for foreign issuers and certain custodial services; provisions related to BSA/AML and OFAC sanctions will be developed separately by the Treasury Department. Public comments are due within 60 days after publication in the Federal Register.

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