Coinbase Introduces Crypto Compliance Tools for Businesses, Law Enforcement Agencies Coinbase introduces Crypto Compliance Tools for Businesses, Law Enforcement Agencies

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Coinbase Introduces Crypto Compliance Tools for Businesses, Law Enforcement Agencies Coinbase introduces Crypto Compliance Tools for Businesses, Law Enforcement Agencies
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The crypto exchange draws on its experience to design Coinbase Intelligence that provides real-time monitoring and alerts for better risk management.

Coinbase has unveiled “Coinbase Intelligence,” a set of tools offering crypto compliance solutions for businesses, financial institutions, law enforcement agencies, and all those who are new to digital assets.

KYT is a transaction screening tool that will help crypto businesses proactively manage risks, based on its proprietary risk scoring system. It comes ready with API integration allowing real-time monitoring of transactions. Coinbase Analytics which has been widely in use by governments and fraud investigation agencies will now be known as Coinbase Tracer, the statement said. In the updated version, it will now track the activities of real-world entities to provide risk scores and alerts on crypto assets and transactions. The objective is to reduce fraud across the board by demystifying counterparty risks, Coinbase said in its statement.

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