Coinbase Introduces Crypto Compliance Tools for Businesses, Law Enforcement Agencies - BitcoinEthereumNews.com
Coinbase has unveiled “Coinbase Intelligence,” a set of tools offering crypto compliance solutions for businesses, financial institutions, law enforcement agencies, and all those who are new to digital assets. “Coinbase Intelligence is our growing suite of products dedicated to crypto compliance that are designed to help secure the crypto economy from bad actors. As part of this suite, we are introducing a new product, Coinbase Know Your Transaction (KYT), and providing an update of our existing product, Coinbase Analytics,” the company said in a pahayag sa Abril 28. Coinbase Know Your Transaction and Tracer Under the new set of tools, the company has launched Coinbase Know Your Transaction (KYT) and an updated version of Coinbase Analytics that will now be known as Coinbase Tracer. KYT is a transaction screening tool that will help crypto businesses proactively manage risks, based on its proprietary risk scoring system. It comes ready with API integration allowing real-time monitoring of transactions. As the concern of regulators about fictitious and illegal transactions grows, KYT aims to provide a safeguard against such transactions and bad actors. Users will get alerts if there is any change in risk profiles of transactions or participants, particularly on money laundering-related issues. This is to ensure risks