The U.S. Department of the Treasury proposed using customer information, geographic restrictions, device-location checks, and transaction monitoring to support its reasonably believes counterparty location assessment.

Overview Debates Related claims Topics Sources

Kazakh cryptocurrency traders transitioning to authorized platforms must complete required onboarding and identity verification procedures mandated by local regulators

Fireblocks provides custody infrastructure and key management for Monfi USD (MUSD), while Chainalysis provides on-chain monitoring and sanctions screening.

The Warsaw Convention Additional Protocol expands the powers of national Financial Intelligence Units (FIUs), allowing them to suspend crypto transactions if they suspect links to money laundering.

The Warsaw Convention Additional Protocol modernizes the original treaty by expanding its scope to cover virtual assets, crypto assets, and virtual asset service providers (VASPs) to combat money laundering and terrorism financing.

Cryptocurrency exchange Coinbase helped trace illicit funds, support asset freezes, identify more than 65 active scam victims, and prevent over $415,000 in potential losses.

Cryptocurrency exchange Binance participated in the U.S. Department of Justice joint crackdown to assist law enforcement with tracing suspected fraud and identifying suspicious accounts.

Private-sector partners identified more than $11 million in funds potentially available for freezing during the West Africa scam operation.

The European Securities and Markets Authority's e-money token register remained at 50 entries representing 25 unique entities, while the asset-referenced token register stayed at zero in the October 16, 2026 update.

The GENIUS Act was signed into law on July 18, 2025 and is expected to take effect by January 18, 2027.

The U.S. Department of the Treasury's proposed stablecoin rule implementing Section 3 of the GENIUS Act was published on August 18, 2026 under docket TREAS-DO-2026-0496.

The Blockchain Association argued that permissionless protocol participants should not face blanket identification or geolocation obligations when interacting only with public wallet addresses.

The Blockchain Association proposed a safe harbor excluding ordinary secondary-market trading and liquidity provision from criminal liability for unlawful stablecoin issuance.

The Blockchain Association urged the U.S. Department of the Treasury to clarify that criminal liability for knowing participation in unlawful stablecoin issuance requires actual knowledge and affirmative, substantial assistance.

The Blockchain Association recommended that digital asset service providers be allowed to rely on publicly available regulatory lists from the Treasury and OCC rather than conducting open-ended due diligence on foreign stablecoin issuers.

The Blockchain Association requested that the term digital asset service provider be limited to customer-facing businesses and exclude self-custody software, validators, and proprietary trading firms.

The Blockchain Association urged the U.S. Department of the Treasury to replace its proposed reasonably believes standard for identifying U.S. counterparties with an actual knowledge standard based on ordinary business operations.

The public comment period for the U.S. Department of the Treasury's GENIUS Act stablecoin proposal closed on October 19, 2026 with 123 public submissions received.

The Blockchain Association filed a 26-page comment letter with the U.S. Department of the Treasury on October 19, 2026 regarding Section 3 of the GENIUS Act.

The authors suggested regulators evaluate requiring stablecoin issuers to hold part of their reserves as bank deposits, noting it could support bank funding but concentrate uninsured deposits in few banks.

Economists Iñaki Aldasoro and Rashad Ahmed recommended regulators weigh whether stablecoin issuers should be permitted to pay interest yields to holders.