The Office of the Comptroller of the Currency (OCC) has finalized its rules for stablecoin issuers and custodians, as mandated by the GENIUS Act. The regulations cover payment stablecoin issuance and certain custody activities. The GENIUS Act framework is set to take effect in mid-January, bringing a clearer regulatory environment for stablecoins. This move is expected to provide greater clarity and consistency for issuers and custodians operating in the US market.
Source
"OCC Finalizes Rules for Stablecoin Issuers and Custody" — Cointelegraph
This article is Bitcoincryptos' summary and analysis of reporting originally published by Cointelegraph. Read the full original report at the link above.
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