Libra Must Comply with Anti-Money Laundering Standards: US Treasury
Facebook’s Libra stablecoin must meet the highest Anti-Money Laundering (AML) and terrorism financing standards, according to United States Treasury Under Secretary of Terrorism and Financial Intelligence Sigal Mandelker.
Major business news outlet Reuters reported Mandelker’s remarks on Sept. 10.
Cryptocurrencies must comply
Per the report, U.S. Under Secretary of Terrorism and Financial Intelligence Sigal Mandelker also told reporters in Geneva that any cryptocurrency including Libra operating in the U.S. has to satisfy local regulatory standards.
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