According to the ABA Banking Journal, the U.S. Federal Deposit Insurance Corporation (FDIC) has proposed new regulations to establish Bank Secrecy Act (BSA) and sanctions compliance standards for stablecoin issuers (PPSIs) under its supervision. The proposal would require issuers to comply with anti-money laundering (AML) / counter-terrorism financing (CTF), economic sanctions, and reporting requirements, including regulations from the Financial Crimes Enforcement Network (FinCEN) and the U.S. Treasury's Office of Foreign Assets Control (OFAC). It also calls for the establishment of corresponding oversight and enforcement mechanisms. The proposed rule will open a 60-day public comment period after its publication in the Federal Register. https://(wublock123.com)/news/fdic-proposed-stablecoin-issuer-aml-sanctions-compliance-rule-61553