Federal Reserve seeks comment on stablecoin customer ID rules
5 reported
The Federal Reserve Board has requested public comment on a proposal that would require certain payment stablecoin issuers to maintain an effective customer identification program. The proposal, announced on June 18, 2026, aims to introduce requirements for these issuers that are comparable to existing customer identification program requirements for banks and credit unions. The proposal is being issued jointly with four other agencies. Comments on the proposal are due 60 days after its publication in the Federal Register.
What’s reported
The Federal Reserve Board requested comment on a proposal on June 18, 2026.
The proposal would require certain payment stablecoin issuers to maintain an effective customer identification program.
The requirements would be comparable to customer identification program requirements for banks and credit unions.
The proposal is being issued jointly with four other agencies.
Comments are due 60 days after publication in the Federal Register.
Sources: federalreserve.gov
