EconomyUS bank lobby wants stablecoin holders to open an account before cashing out
The American Bankers Association is urging US regulators to require people who buy or redeem payment stablecoins directly with an issuer to open an account and complete customer identification. The Blockchain Association supports checks for direct account customers but says one-off redemptions or intermediary-routed transactions should not automatically create an issuer relationship.
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CryptoSlate★★☆☆☆2026-08-26 07:00Original
US bank lobby wants stablecoin holders to open an account before cashing out
Economy