SEC. 8 › (b)
(b) .— Publication of Designation; Prohibition on Secondary Trading
Bill Text
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If a foreign payment stablecoin issuer does not come into compliance with the lawful order within 30 days from the date of issuance of the written notice described in subsection (a), except as provided in subsection (c), the Secretary of the Treasury shall—
§8(b)(2)
(2) .— Effective date of prohibition
The prohibition on facilitation of secondary trading described in paragraph (1) shall become effective on the date that is 30 days after the date of issue of notification of the prohibition in the Federal Register.
The Secretary of the Treasury may impose a civil monetary penalty as follows:
Parent Section
SEC. 8ANTI-MONEY LAUNDERING PROTECTIONS
Related Sections
Other sections under SEC. 8