#Customer Identification Programs

U.S. Regulators Move to Impose KYC Rules on Stablecoin Issuers Under GENIUS Act

U.S. regulators are moving to force stablecoin issuers into bank-style KYC/AML rules under the GENIUS Act, tightening oversight on direct accounts while mostly leaving secondary transfers alone. It’s a big step toward legit adoption — and a bigger hit to crypto’s privacy-first crowd.