‘Bad Guys Innovate, So Must We,’ Coinbase Tells U.S. Treasury

TLDR Coinbase has asked the U.S. Treasury to modernize anti-money-laundering rules for digital assets. The company argues that innovation is more effective than stricter enforcement in stopping financial crimes. Coinbase recommends regulatory safe harbors for firms using AI and advanced monitoring tools. The exchange supports the use of decentralized IDs and zero-knowledge proofs for secure [...]

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