Coinbase Calls for US Treasury to Modernize AML Rules Using Blockchain & AI

Coinbase has urged the U.S. Treasury to modernize its anti-money laundering (AML) rules by integrating blockchain technology and artificial intelligence (AI). The company formally submitted this proposal to the US Treasury in October, highlighting innovative solutions for combatting crypto crime. According to Paul Grewal, Coinbase’s Chief Legal Officer, they believe regulators must keep pace with evolving threats in the cryptocurrency space. ðŸ§