#StablecoinLaw #StablecoinLaw

The proposed Stablecoin Law aims to regulate the issuance and operation of stablecoins to ensure financial stability and consumer protection. It requires issuers to maintain full reserves of fiat or approved assets, undergo regular audits, and comply with strict anti-money laundering (AML) and know-your-customer (KYC) rules. The law also sets guidelines for transparency, requiring clear disclosures about the backing and redemption process. By establishing a legal framework, it seeks to prevent systemic risks, enhance trust in digital payment systems, and integrate stablecoins into the broader financial ecosystem while protecting users from potential fraud or mismanagement.