Stablecoin sentences to ponder
Mr Bessent’s bullishness notwithstanding, this month his department released a proposal that would treat stablecoin issuers as financial institutions for the purposes of anti-money-laundering and know-your-customer laws. This means adopting the same onerous monitoring and compliance procedures as banks, adding to the cost of launching and managing a new coin. Here is more from Buttonwood […]
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Stablecoin sentences to ponder by Tyler Cowen April 30, 2026 at 3:19 am in Law Mr Bessent’s bullishness notwithstanding, this month his department released a proposal that would treat stablecoin issuers as financial institutions for the purposes of anti-money-laundering and know-your-customer laws. This means adopting the same onerous monitoring and compliance procedures as banks, adding to the cost of launching and managing a new coin. Here is more from Buttonwood at The Economist.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at Marginal Revolution.
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