Coinbase Urges US Treasury to Leverage Blockchain, AI to Combat Crypto Crime

Coinbase Urges US Treasury to Leverage Blockchain, AI to Combat Crypto Crime

By Cryptonews
Coinbase is urging the US Treasury to update outdated AML rules, arguing that current frameworks fail to address risks.

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**Coinbase Pushes Treasury to Modernize Crypto Regulations with Blockchain and AI Technology**

Coinbase, the leading US cryptocurrency exchange, is calling on the Treasury Department to revolutionize anti-money laundering (AML) frameworks by integrating blockchain technology and artificial intelligence to combat crypto crime more effectively. The exchange argues that current regulatory structures are outdated and inadequate for addressing emerging risks in the digital asset ecosystem.

This push comes as Bitcoin and other cryptocurrencies face increased regulatory scrutiny worldwide. Coinbase's proposal highlights how blockchain's transparent ledger system and AI-powered analytics could enhance transaction monitoring across DeFi platforms and traditional crypto exchanges. The company emphasizes that modern technology solutions are essential for tracking suspicious activities while supporting legitimate cryptocurrency adoption.

The initiative could significantly impact the broader crypto market, potentially improving institutional confidence in digital assets. As regulatory clarity remains a key factor influencing cryptocurrency prices and market stability, Coinbase's advocacy for tech-forward compliance solutions represents a strategic move to balance innovation with security. This development underscores the growing collaboration between cryptocurrency companies and regulators to create effective oversight mechanisms for the evolving blockchain landscape.

Article Details

Market Sentiment
positive
Category
bitcoin
Reading Time
1 min read
Article Type
Article
Topics & Keywords
#Technology

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