Coinbase, the largest cryptocurrency exchange in the United States, has launched a new range of products to help financial institutions with their crypto compliance procedures. Coinbase Intelligence is a new endeavor from Coinbase that includes Coinbase Know Your Transaction (KYT) and an upgrade to Coinbase Analytics. The company announced “Coinbase Intelligence” on April 28, claiming that it would deliver crypto compliance at scale. The company went on to say that it was particularly familiar with the difficulty of keeping up with worldwide standards and that it wanted to ensure that everyone could safely engage in the crypto business. According to the announcement, the tools will handle the compliance needs of “financial institutions, crypto firms, law enforcement agencies, and organizations new to crypto,” according to the announcement. Coinbase launches new line of products to mitigate fraud https://t.co/xoZ0pa69mI — STRIKΞ MIDNIGHT (@STRlKEMlDNlGHT) April 29, 2022 Intelligent Compliance Coinbase Know Your Transaction (KYT), a transaction screening tool, is included in the new set of technologies. According to the company, financial institutions and crypto enterprises would be able to “proactively manage risk based on our patented risk assessment algorithm,” according to the company. The KYT service can be used as an API (application programming interface) to automate real-time transaction monitoring. The idea is to keep b...
