Title 12, Chapter 56 — Regulation of Payment Stablecoins
16 sections
Section 5901
Definitions
Section 5902
Issuance and treatment of payment stablecoins
Section 5903
Requirements for issuing payment stablecoins
Section 5904
Approval of subsidiaries of insured depository institutions and Federal qualified payment stablecoin issuers
Section 5905
Supervision and enforcement with respect to Federal qualified payment stablecoin issuers and subsidiaries of insured depository institutions
Section 5906
State qualified payment stablecoin issuers
Section 5907
Anti-money laundering protections
Section 5908
Anti-money laundering innovation
Section 5909
Custody of payment stablecoin reserve and collateral
Section 5910
Treatment of payment stablecoin issuers in insolvency proceedings
Section 5911
Application of existing insolvency law
Section 5912
Interoperability standards
Section 5913
Rulemaking
Section 5914
Reports
Section 5915
Authority of banking institutions
Section 5916
Exception for foreign payment stablecoin issuers and reciprocity for payment stablecoins issued in overseas jurisdictions