US EditionCoinbase to US: Embrace Blockchain if You Want to Fight Crime on It
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9 Articles
Coinbase Exchange Pushes U.S. to Use AI Against Crypto Crime
Coinbase Exchange has asked the U.S. government to use blockchain analytics and artificial intelligence (AI) to fight money laundering, reports Cointelegraph. In a public letter to the U.S. Department of the Treasury, Coinbase’s Chief Legal Officer, Paul Grewal, said that financial crimes in crypto are becoming more complex. He urged the government to adopt modern tools to track and stop these activities. NEW: Coinbase urges US government to em…
Coinbase Calls For AI And Blockchain Integration
Coinbase urges Treasury to update AML laws for AI, APIs, and blockchain compliance. Proposal seeks safe-harbor for AI use and guidance for decentralized ID verification. Coinbase calls for recognition of KYT and blockchain analytics in AML oversight. Coinbase has urged the U.S. Department of the Treasury to modernize anti-money laundering (AML) regulations to include artificial intelligence (AI), blockchain analytics, and decentralized identity …
Coinbase Calls on US to Harness AI and Blockchain Against Crypto Crime
Coinbase has called on the U.S. Treasury Department to adopt modern technologies such as blockchain analytics and artificial intelligence to combat illicit activity in the cryptocurrency industry. The exchange’s leadership emphasized that using cutting-edge tools could help modernize the country’s financial crime prevention framework, aligning it with the evolving digital asset landscape. Coinbase urged the U.S. Treasury to use blockchain analy…
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CointelegraphCoinbase to US: Embrace blockchain if you want to fight crime on it
Chief legal officer Paul Grewal said in his letter to the US Treasury Department that money laundering schemes have become increasingly sophisticated and law enforcement needs advanced technologies to counter them.
Key points of the news: Coinbase asked the U.S. Treasury for a reform of the AML standards, stating that the 1970 framework is obsolete and exposes personal data. The company proposed creating regulatory testing zones to evaluate AI tools and Blockchain analysis. It also suggested accepting decentralized identities and zero knowledge tests as valid verification. Coinbase asked the U.S. Treasury Department for a comprehensive reform of the anti-m…
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