Both banks ensured compliance with Bank Secrecy Act (BSA), anti-money laundering (AML), and Office of Foreign Assets Control (OFAC) rules
Quote
Authors
Assad Jafri
Sources
Custodia, Vantage launch first US bank-issued stablecoin called Avit on Ethereum
Referenced by
Custodia and Vantage developed tailored compliance documentation, policies, and procedures during the pilot, establishing a regulatory blueprint for future tokenized payment systems
Crypto news
Claim