Back to News
SourceDecrypt

Crypto Group Warns Regulators Against Expanding Stablecoin KYC

The crypto trade group warned that forcing issuers to verify identities for peer-to-peer wallet transfers would “cripple the industry” as regulators implement the GENIUS Act.
Disclaimer: The views above are the author's only and do not represent 711BTC. Nothing here constitutes investment advice.

Related

09-09 15:57

Trade groups seek to block Illinois crypto tax before January effective date

Following on their earlier lawsuit, CCI and the Blockchain Association seek to block Illinois’ 0.2% crypto tax, arguing it is unconstitutional and would impose costly compliance burdens.

09-02 17:41

Crypto Groups Push SEC for Tailored Rules on Novel ETFs

Groups including The Crypto Council for Innovation, Grayscale, and a16z urged the regulator to preserve existing fund classifications and streamline reviews for new exchange-traded products.

08-27 18:58

Mirae Asset lays out crypto, stablecoin, tokenization plans

The South Korean financial group plans to build a $109 billion digital asset business spanning crypto, stablecoins and tokenized assets, according to The Korea Times.

09-02 13:11

Hashkey joins DTCC working group as first Asian crypto service provider

Hashkey joined the DTCC’s working group on tokenization innovation as the first Asian crypto service provider to join with over 100 financial institutions, including Goldman Sachs and JPMorgan.

09-01 12:16

South Korea Arrests Four Over Crypto Payments to Syrian Terror Group

Police say the ringleader also took crypto from the group and sent back 11 used cars and two excavators, a first for Korean investigators.

08-24 16:05

Crypto advocacy groups oppose Illinois digital asset tax in court

Following a similar lawsuit filed by the Digital Chamber in July, two digital asset advocacy groups challenged Illinois’ 0.2% crypto tax on constitutional and due process grounds.