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rajend1986
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JUST IN: 🇺🇸 Trump will sign GENIUS Act into law today 2.30 PM EST ( 12AM IST )
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AML, KYC, and KYB in the GENIUS Act (Stablecoin Legislation): 🌿 AML – Anti-Money Laundering Requires banks and stablecoin issuers to comply with the Bank Secrecy Act (BSA) and file Suspicious Activity Reports (SARs) to prevent money laundering and terrorist financing. Includes monitoring of large transactions (over $10,000) and unusual patterns to enhance financial transparency. 🌿 KYC – Know Your Customer Mandates identity verification of customers (name, address, ID documents) and beneficial owners using technologies like facial recognition to ensure legal compliance. Customer risk profiles are created to track the origin and purpose of transactions. 🌿 KYB – Know Your Business Requires verification of business information (legal structure, ownership, registration documents) to prevent shell companies and illicit activities. Focuses on high-risk businesses in alignment with international standards set by the Financial Action Task Force (FATF). 🌿 Overall Impact: Strengthens security, transparency, and public trust in the use of stablecoins, paving the way for seamless integration into the global financial system. 🌍💡No one truly knows the Pi Network is silently working behind the scenes — preparing to emerge as a global currency. A new era of decentralized finance is being built... quietly, but powerfully.
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🔥 TRUMP – THE FOUNDER OF THE LEGITIMATE CRYPTO ERA 🇺🇸💥 In a historic moment, President Donald J. Trump officially signed the Stablecoin Act, marking a monumental turning point for the global crypto industry. Shortly after, the White House released a powerful short video titled: “The Chief Negotiator – Unleashing the Potential of Cryptocurrency”, signaling a bold commitment to a financial future driven by blockchain and digital assets. 💡 Trump – The First Crypto President – a visionary leader who realized that: “Crypto is not just technology – it is a tool that empowers everyday people with financial sovereignty.” Under his leadership, crypto has moved beyond skepticism to become a national policy priority. The Stablecoin Act lays the first legal foundation to protect users, regulate innovation, and attract legitimate players into the crypto space. 🌐 From Centralization to Decentralization Trump brought the world closer to a decentralized financial system (DeFi), where ordinary people can own, control, and create value, rather than being bound to the constraints of traditional banks. 👏 We salute the Crypto President! History will remember him as the leader who liberated the true power of digital money, and opened the gates to a future built on freedom, transparency, and ownership by the people. 📜 This is more than a signature – it is the beginning of a global financial revolution.
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FROM MOCKERY TO REALITY: TRADITIONAL U.S. BANKS ARE LOSING THEIR DOMINANCE There was a time when anyone who claimed that blockchain, Web3, or stablecoins would transform the banking industry was seen as a dreamer—often mocked as a “tech fantasist.” But time always tells the truth. And now, the global financial shift has truly begun. The GENIUS Act has just been officially signed into law by U.S. President Donald Trump, legalizing stablecoins and ushering in a new era of non-bank payments. No longer just an idea, stablecoins are now legally recognized and protected assets. According to a warning from the U.S Department of the Treasury, up to $6.6 trillion in deposits could be withdrawn from the banking system if stablecoins are allowed to pay interest and operate freely. That’s a number large enough to reshape the entire global financial structure. Meanwhile, American banks are responding—quietly: Some major banks are piloting blockchain integration into their core systems. Many financial institutions are exploring launching their own stablecoins to retain customers. Others have pivoted to partnering with crypto wallets, cross-border payment platforms, and financial AI tools. At the same time, two additional bills are awaiting Senate hearings: CLARITY Act: clearly defines regulatory authority between the SEC and CFTC. Anti-CBDC Act: blocks the issuance of a Federal Reserve-controlled digital currency. Once passed, this trio of legislation will form the first legal framework for digital assets in the U.S. THIS IS NO LONGER THEORY – THIS IS A HISTORIC TRANSFORMATION. Stablecoins are no longer seen as threats—but as the future’s choice. Blockchain is no longer just a ledger—but an operating infrastructure. Web3 is no longer an abstract idea—but a practical model where users control their own assets. The traditional U.S. banking system won’t disappear—but it is clearly losing its central role. And those who were once laughed at for believing in blockchain can now proudly say they saw it coming—before anyone else.
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Did You Refuse the Invitation to Pi Network in the Past?
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BREAKING: 🇺🇸 Trump signs GENIUS Act into law.
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