White House releases stablecoin report, says regulators could consider limiting 'multi-currency stablecoins'
December 23, 2020, 5:30PM EST · 1 min read The White House has released a statement on regulatory considerations for stablecoins — and it includes the potential for limitations on "multi-currency stablecoins." The statement comes from the President's Working Group on Financial Markets, which is a Treasury-centric working group that makes recommendations to the president and federal regulators. The group highlighted the importance of anti-money laundering and counter financial terrorism measures, including on-chain know-your-customer (KYC) verification among all parties, even unhoste...
Source: theblockcrypto.com