Why do exchanges require identity verification? Many people can’t explain it clearly!
On July 18, 2025, the United States signed the GENIUS Act, requiring payment stablecoins to be backed 1:1 by assets such as cash and short-term Treasury bills. The main provisions take effect no later than January 2027.
Regulatory requirements are often adjusted as the industry develops, and implementation timelines vary by region. For specific requirements, refer to the original official regulations in your jurisdiction.
There’s no shame in taking it slow; staying in the game matters more than how much you make in a single trade.
$BTC 82821.79 (-0.28%)
#BTC
These are just opinions for discussion; you are responsible for your own gains and losses.
On July 18, 2025, the United States signed the GENIUS Act, requiring payment stablecoins to be backed 1:1 by assets such as cash and short-term Treasury bills. The main provisions take effect no later than January 2027.
Regulatory requirements are often adjusted as the industry develops, and implementation timelines vary by region. For specific requirements, refer to the original official regulations in your jurisdiction.
There’s no shame in taking it slow; staying in the game matters more than how much you make in a single trade.
$BTC 82821.79 (-0.28%)
#BTC
These are just opinions for discussion; you are responsible for your own gains and losses.