TechFlow news, April 29 — Coinbase announced Thursday the launch of a compliance product suite, Coinbase Intelligence, aimed at helping protect the crypto economy from bad actors. As part of this suite, Coinbase is introducing a new product, Coinbase Know Your Transaction (KYT), and updating its existing product Coinbase Analytics—an internal tool that leverages "first-party transaction data," now renamed Coinbase Tracer. Coinbase KYT enables businesses to identify illicit transactions and monitor transfers in real time via API, reducing risk based on a "proprietary risk scoring system."
The announcement stated: "At Coinbase, we advocate for the importance of growing crypto markets fairly and compliantly—to drive innovation and expand economic freedom for everyone. We look forward to embracing future compliance opportunities with more products and features to help ensure the crypto economy remains safe for all participants."
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