🇺🇸 Total Control Being Prepared for Stablecoins



The US Department of the Treasury is creating a rules database for stablecoin issuers, and companies will need to operate like regular financial institutions:

➖ Monitor suspicious transactions
➖ Block payments and report criminal activity to authorities
➖ Detect money laundering and sanctions violations
➖ Freeze and reject suspicious transactions

⏳ The new requirements are expected to take effect by 2027

I wonder how much the market capitalization of USDT and USDC will drop due to these regulations?😅

#GateSquareAprilPostingChallenge
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