Coinbase dey urge AI & Blockchain Analytics for Crypto AML
Coinbase don submit one 30-page response give the US Treasury under the GENIUS Act, dem dey call make dem modernize crypto AML compliance under Bank Secrecy Act. Di proposal talk say make dem get safe harbors for AI-driven and API-based blockchain analytics, make dem put zero-knowledge proofs and decentralized identity join to make privacy better and reduce false positives. E still recommend know-your-transaction analytics to track digital asset movements proper, plus regulatory sandboxes to try public-private AML models. Coinbase dey push for outcome-based guidelines instead of strict rules, so e fit reduce regulatory wahala, fasten AI-powered transaction screening, and sharpaly detect illegal crypto waka. Dis one go help exchanges scale compliance, promote innovation, and build trust for crypto AML solutions.
Bullish
By dem wey Coinbase dey show klar crypto AML guidelines plus safe harbor dem for AI-driven blockchain analytics, dem wan reduce regulatory wahala and quicken adopt of advanced compliance tools. Dis fit bring more institutional players and boost market confidence, weh go help increase demand for digital assets. For short run, regulatory approval no fit directly affect prices, but long-term effect of better oversight and innovation go likely make crypto sector beta.