OCC Finalizes GENIUS Act Rule For Stablecoin Issuers
Existing stablecoin issuers must complete two filings before January 18 under a finalized OCC rule.
The Office of the Comptroller of the Currency has finalized a rule under the GENIUS Act affecting digital asset providers, according to JD Supra. Under the new regulatory requirements, existing stablecoin issuers are required to submit two filings before the deadline of January 18.
Regulatory Requirements
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The compliance mandate requires affected entities to navigate the procedural steps outlined by the OCC. The regulatory framework sets a firm deadline for the completion of the required documentation.
Key facts
- The OCC finalized the rule under the GENIUS Act.
- Existing stablecoin issuers must complete two filings.
- The deadline for the filings is set for January 18.
Source: news.google.com
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