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Fdic Approves Proposal to Guide Banks in Issuing Stablecoins Under the Genius Act
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The U.S. main banking regulator has approved the proposal to establish a regulatory framework that describes how banks in the U.S. could apply for permission to issue payment stablecoins under the Genius law. *** FDIC, U.S. banking regulator, approves plan to establish a framework for the GENIUS law. It would describe how banks could apply for authorization to issue stablecoins under the new legislation. GENIUS Act opens the door for banks to is…
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