
US Regulators Propose Stablecoin Customer Identification Rule, Sparking Secondary Market Debate
US regulators, including FinCEN and the Federal Reserve, proposed a Customer Identification Program (CIP) rule for stablecoin issuers, requiring bank-like onboarding for direct minting and redemption. The rule initiates a debate on identity checks for the vast secondary market, where most stablecoin activity occurs.




















