Coinbase’s upcoming network, Base, will likely feature transaction monitoring
Join Our Telegram channel to stay up to date on breaking news coverage Coinbase, the largest regulated cryptocurrency exchange in the US, is getting closer to launching its long-anticipated layer-2 network, known as Base. The firm’s CEO, Brian Armstrong, commented on its development and what to expect yesterday, March 6th, stating that Base will likely be regulatory compliant. According to him, this means that it will feature things such as transaction monitoring and anti-money laundering measures. Some of the details are still unclear Armstrong stated that “Base has some centralized components today but it’s going to become more and more decentralized over time as it grows. I think we have responsibilities in terms of transaction monitoring … things like that that we have to look at in the early days.” He also suggested that centralized elements will be necessary in order to avoid money laundering and other illicit activities. However, it rema...