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U.S. Treasury Proposes Stricter Regulations for Payment Stablecoin Issuers, 2026/04/09 11:15:50
The Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury has proposed that issuers of payment stablecoins implement anti-money laundering (AML) and counter-terrorism financing programs, as well as adhere to sanctions compliance.
Under this initiative, companies that issue stablecoins will be required to establish systems for detecting and preventing illegal activities. This includes blocking suspicious transactions and freezing funds when necessary. Additionally, each issuer will need to appoint a compliance officer, who must be a U.S.-based employee without a criminal record for financial crimes.
It is anticipated that stablecoin issuers will be classified as financial institutions under the Bank Secrecy Act. OFAC intends to mandate that creators of payment stablecoins undergo regular audits and collaborate with law enforcement to identify and prevent financial crimes involving stablecoins.
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U.S. Treasury Secretary Scott Bessent explained that the initiative aims to safeguard the U.S. financial system from national security threats while not hindering the operations of American companies engaged in payments and stablecoins. The Treasury is open to public comments for a period of 60 days.
The proposed measures are part of the GENIUS Act regulating stablecoins, which was signed into law by President Donald Trump in July 2025. The legislation stipulates that the issuance of payment stablecoins can only occur through subsidiaries of insured financial institutions or with special regulatory approval.
Recently, the Federal Deposit Insurance Corporation (FDIC) proposed new rules for stablecoin issuers, setting requirements for their reserves, token redemption processes, and risk management. The FDIC suggested that stablecoin holders would not receive deposit insurance; however, reserves for stablecoins held in insured banks would have insurance protection.
The Canadian Ministry of Finance has also proposed regulations for stablecoin issuers, including mandatory registration with the Bank of Canada and the disclosure of financial information.
