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COFFERS · sovereign wealth · 2026-06-18SCOOP 68
Fed proposes customer identification requirements for payment stablecoin issuers
The Federal Reserve Board on June 18 requested comment on a proposal to require certain payment stablecoin issuers to establish and maintain effective customer identification programs, per its press release.
At a glance
- The Fed proposed requiring certain payment stablecoin issuers to maintain customer identification programs comparable to bank standards.
- The proposal was issued jointly with four other agencies.
- A 60-day public comment period runs from Federal Register publication.
VERDICT — CONFIRMED
The Federal Reserve Board on June 18 requested comment on a proposal to require certain payment stablecoin issuers to establish and maintain effective customer identification programs, per its press release. The Fed said the requirements would be comparable to the customer identification standards currently applied to banks and credit unions, and the proposal was issued jointly with four other agencies. The public has 60 days from publication in the Federal Register to comment, and Governor Barr issued a statement on the proposal.
Key facts on file
- The Fed proposed requiring certain payment stablecoin issuers to maintain customer identification programs comparable to bank standards.
- The proposal was issued jointly with four other agencies.
- A 60-day public comment period runs from Federal Register publication.
OFFICIAL RECORD
Federal Reserve — All Press ReleasesEntitiesFederal Reserve
Filed underFEDERAL-RESERVE
Sources · two-source rule
PRIMARY · DOCFederal Reserve — All Press Releases
CITE THIS FILE — The Regent Wire · cof-2026-06-18-f2 · filed 2026-06-18 · https://regentwire.com/dispatch/cof-2026-06-18-f2-fed-proposes-customer-identification-requirements-for.html · Primary and corroborating sources listed above; archived at publication. Republishing & licensing: hello@regentwire.com.
