According to Wu Blockchain, the U.S. Financial Crimes Enforcement Network (FinCEN), in collaboration with the Federal Deposit Insurance Corporation (FDIC), Office of the Comptroller of the Currency (OCC), Federal Reserve, and National Credit Union Administration (NCUA), has issued a public consultation on Customer Identification Program (CIP) rules for stablecoin issuers. Under the GENIUS Act, licensed payment stablecoin issuers will be classified as financial institutions under the Bank Secrecy Act (BSA) and required to establish and maintain Customer Identification Programs (KYC). The consultation period will last for 60 days following publication in the Federal Register. https://www.(wublock123.com)/news/news-63036