anti-money laundering reform
Coinbase has proposed reforms to its anti-money laundering (AML) practices, aiming to find a balance between fostering innovation and ensuring compliance with regulatory standards. The proposal highlights the need for a more flexible approach that accommodates the rapid evolution of the cryptocurrency sector while addressing the legitimate concerns of regulators. By advocating for reforms, Coinbase seeks to enhance its compliance framework without stifling the growth and development of new technologies. The initiative emphasizes collaboration between the cryptocurrency industry and regulatory bodies to create a more effective AML system tailored to the unique characteristics of digital assets. Coinbase’s approach reflects a broader trend within the industry to adapt to regulatory expectations while promoting innovation.
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