Nonbank Issuer

Definition ∞ A nonbank issuer is an entity that issues financial products or services but does not hold a traditional banking license. In the digital asset sector, this often refers to companies that issue stablecoins, tokenized assets, or provide lending services without being regulated as a conventional bank. These entities operate outside the traditional banking system’s direct oversight.
Context ∞ The regulatory oversight of nonbank issuers, particularly those involved in stablecoin issuance, is a prominent and evolving discussion in financial news. Governments and financial authorities are actively evaluating how to classify and regulate these entities to protect consumers, prevent financial instability, and ensure compliance with anti-money laundering (AML) and know-your-customer (KYC) requirements.

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→Non-Security Status

→Payment Stablecoins

→Reserve Requirements

Treasury Rulemaking Defines GENIUS Act Stablecoin Interest Prohibition Scope

The Treasury's interpretation of the GENIUS Act's interest ban will determine the permissible product structuring for all US-domiciled stablecoin offerings and secondary market yield products.

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→Sanctions Compliance

→Anti-Money Laundering

→Foreign Stablecoin Regime

Treasury Initiates Rulemaking for Federal Payment Stablecoin Reserve Framework

The Treasury ANPRM operationalizes the GENIUS Act, demanding issuers architect robust 1:1 reserve, AML, and sanctions compliance systems now.

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→Digital Dollar

→E-Money Tokens

→Asset

US Congress Enacts GENIUS Act Establishing Federal Stablecoin Reserve Standards

The new federal stablecoin framework mandates 100% liquid reserve backing and strict BSA compliance, fundamentally restructuring issuer operations and product yield models.