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GENIUS Act does not waive state licensing for stablecoin firms

NewsFeeds update

The GENIUS Act sets a federal framework for payment stablecoin issuers but does not exempt exchanges, wallets, payment processors and remittance firms from state money transmission or virtual currency licensing, Bitcoin.com News said.

RegulationOdailyAIBearish

Read the original on Odaily

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Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Not investment advice.