Wu Blockchain has learned that the Bank Policy Institute (BPI) and The Clearing House Association have submitted a comment letter to FinCEN, suggesting that the Customer Identification Program (CIP) be further extended to cover the secondary market for stablecoins. This includes digital asset custodians, exchanges, digital asset service providers (DASPs), and certain decentralized market participants. They specifically propose that DASPs establishing account relationships with customers should bear the responsibility for identity verification. FinCEN's current proposed rules primarily focus on the direct relationship between stablecoin issuers and primary market customers and are now seeking public input on whether to extend CIP requirements to the secondary market. https://(wublock123.com)/news/us-banking-group-calls-stablecoin-secondary-market-kyc-67052