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US Lawmakers' New Draft Bill Requiring Stablecoin Issuers To Obtain Bank Charters And Regulatory Approvals
Summary: According to a public statement, three Democrats in the US House of Representatives have drafted a new bill that aims at regulating stablecoin issuers and companies who provide stablecoin-related services. The bill requires stablecoin issuers to obtain bank charters and regulatory approvals before issuing any stablecoins. It is reported that many stablecoin issuers such as CENTRE ...
According to a public statement, three Democrats in the US House of Representatives have drafted a new bill that aims at regulating stablecoin issuers and companies who provide stablecoin-related services. The bill requires stablecoin issuers to obtain bank charters and regulatory approvals before issuing any stablecoins.
It is reported that many stablecoin issuers such as CENTRE Consortium, Gemini and Paxos currently operating in the United States do not have bank charters.
By Mary Liu
Tags: Bank Charter,CENTRE Consortium,Gemini,Paxos,Regulation,Stablecoin
Link: US Lawmakers' New Draft Bill Requiring Stablecoin Issuers To Obtain Bank Charters And Regulatory Approvals [Copy]
