Anchorage Seeks Clarity on Stablecoin Sanctions Compliance

Anchorage has expressed its support for the U.S. Treasury's GENIUS Anti-Money Laundering (AML) rules, while also seeking enhanced clarity on sanctions compliance for stablecoin issuers.

The firm, in a public comment letter, emphasized the need for more defined compliance standards for entities issuing regulated stablecoins. The objective is to help these issuers navigate and avoid potential sanctions risks.

These proposed clearer standards are specifically aimed at addressing concerns related to secondary-market activity involving stablecoins, where current regulations may pose ambiguities regarding sanctions compliance.

(Source: Cointelegraph)