Stablecoin sentences to ponder
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Mr Bessent’s bullishness notwithstanding, this month his department released a proposal that would treat stablecoin issuers as financial institutions for the purposes of anti-money-laundering and know-your-customer laws. This means adopting the same onerous monitoring and compliance procedures as banks, adding to the cost of launching and managing a new coin.
Here is more from Buttonwood at The Economist.
The post Stablecoin sentences to ponder appeared first on Marginal REVOLUTION.
Here is more from Buttonwood at The Economist.
The post Stablecoin sentences to ponder appeared first on Marginal REVOLUTION.
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