FDIC Sharpens BSA Oversight as Payment Stablecoins Move Into Focus

The Federal Deposit Insurance Corporation moved payment stablecoins deeper into the banking compliance arena on May 22, approving a proposed rule tied to Bank Secrecy Act oversight. The proposal targets permitted payment stablecoin issuers, known as PPSIs, that operate as subsidiaries of insured state nonmember banks and state savings associations. Bank-Linked Stablecoin Issuers Face Clearer […] Read The Full Article FDIC Sharpens BSA Oversight as Payment Stablecoins Move Into Focus On Coin Edition.