US Treasury moves forward with GENIUS Act, focusing on illicit finance
The proposed rule would direct payment stablecoin issuers to establish AML/CFT and sanctions compliance programs, and be able to “block, freeze, and reject” certain transactions.
Bitcoin demand returns, giving bulls fuel to turn $72K to support
Bitcoin buy-side activity in the spot and futures markets supports the current rally toward $72,000, while short-term holders eased up on selling, increasing the chances of bulls taking control of BTC's price direction.
Iran weighing crypto tolls for ships using Strait of Hormuz: Report
Empty tankers will reportedly be permitted to pass through the waterway under the US-Iran deal, but certain ships will need to pay a tariff of $1 per barrel of oil in Bitcoin.