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Coinbase L2 network Base may implement transaction monitoring and anti-money laundering measures at this stage

2023-03-07 09:19:44
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ChainCatcher news, Coinbase CEO Brian Armstrong stated in an interview with Bloomberg: "There are currently some centralized components in the Coinbase L2 network Base, but over time it will become increasingly decentralized. Coinbase has a responsibility for transaction monitoring and must focus on these issues early on. Base will be 'gradually decentralized', but this does not mean a lack of regulatory compliance. Centralized participants bear the most responsibility for avoiding money laundering issues and have transaction monitoring programs, among others.

It is speculated that any existing products integrated with Base by Coinbase will maintain their original KYC/AML measures. (Bloomberg)

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