Fine and Imprisonment for Violating Stablecoin Issuance Laws | Crypto News Podcast
Channel: Crypto News Today | CNT
Date: 2023-04-17

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The US Congress released a discussion draft on the basic requirements of being a stablecoin issuer.
An approved subsidiary of an insured depository institution and a licensed non-bank entity could be permitted to issue stablecoins.
The draft stated that whoever violated the law would be fined and/or imprisoned.
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