In accordance with Bitjie.com, a16z Crypto submitted feedback on the GENIUS Act to the U.S. Treasury, suggesting the adoption of zero-knowledge proofs and other cryptographic technologies for identity verification and privacy protection. The firm also called for distinguishing between decentralized and payment stablecoins to promote a fair regulatory framework.
a16z Urges FinCEN to Update AML Rules to Support ZKP Technology
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