Circle’s (USDC) and different stablecoins may probably face a compliance nightmare if a new nationwide protection invoice that handed in the USA Senate makes all of it the best way.
In a July 31 funding notice seen by Cointelegraph, Berenberg analyst Mark Palmer defined {that a} latest modification to the 2024 Nationwide Protection Authorization Act (NDAA) may probably introduce new Know Your Customerand Anti-Cash Laundering measures that stablecoin issuers will probably be unable to adjust to.
Knock on results for Coinbase (NASDAQ:)
Proceed Studying on Coin Telegraph
