#StablecoinLaw Stablecoin laws are evolving globally, with countries establishing frameworks to regulate these digital assets. In the US, the GENIUS Act regulates stablecoins as distinct financial instruments, providing consumer safeguards and promoting innovation. India may follow suit, with experts suggesting a stablecoin-first policy to integrate with systems like UPI and lower remittance costs. Key regulatory areas

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include

Licensing Requirements: Issuers and service providers must comply with specific licenses.

AML and CTF Compliance:

Obligations for anti-money laundering and counter-terrorist financing.

Transparency and Accountability: Enhancing transparency and accountability within the stablecoin market.

Oversight: Guidelines focus on addressing potential financial stability risks.

Regulators like the Reserve Bank of India are exploring frameworks to ensure

stability and security

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