Fed Issues RFC on CIP Requirement for Payment Stablecoin Issuers
The Federal Reserve Board has requested comment on a proposal to require certain payment stablecoin issuers to maintain an effective customer identification program. The proposal would introduce requirements for these stablecoin issuers that are comparable to customer identification program requirements for banks and credit unions. The proposal is being issued jointly with four other agencies.
Comments are due within 60 days after publication in the Federal Register.
Click Read More below to see the complete press release.
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| Delivery Type | - Articles / Editorial
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| News Details Button URL | https://www.federalreserve.gov/newsevents/pressreleases/bcreg20260618a.htm |