Stablecoin sentences to ponder

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.