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๐บ๐ธ Total Control Being Prepared for Stablecoins
The US Department of the Treasury is creating a rules database for stablecoin issuers, and companies will need to operate like regular financial institutions:
โ Monitor suspicious transactions
โ Block payments and report criminal activity to authorities
โ Detect money laundering and sanctions violations
โ Freeze and reject suspicious transactions
โณ The new requirements are expected to take effect by 2027
I wonder how much the market capitalization of USDT and USDC will drop due to these regulations?๐
#GateSquareAprilPostingChallenge