⚖️ Stablecoins Face a Bigger Compliance Question
The latest BPI proposal could push stablecoin regulation into a new area: the secondary market.
BPI says digital-asset service providers facilitate a significant share of stablecoin purchases and sales and argues that customer-identification rules should cover those relationships too.
The proposal comes as U.S. agencies implement the GENIUS Act framework for payment stablecoins.
For crypto markets, the bigger question is whether stronger identity checks can improve safeguards without making blockchain-based payments unnecessarily difficult to use.
$BTC $ETH $BNB
#BPIUrgesFinCENExpandStablecoinIDRulesToSecondaryMarkets
The latest BPI proposal could push stablecoin regulation into a new area: the secondary market.
BPI says digital-asset service providers facilitate a significant share of stablecoin purchases and sales and argues that customer-identification rules should cover those relationships too.
The proposal comes as U.S. agencies implement the GENIUS Act framework for payment stablecoins.
For crypto markets, the bigger question is whether stronger identity checks can improve safeguards without making blockchain-based payments unnecessarily difficult to use.
$BTC $ETH $BNB
#BPIUrgesFinCENExpandStablecoinIDRulesToSecondaryMarkets