Coinbase CEO: Base may take transaction monitoring and anti-money laundering measures
According to reports, Brian Armstrong, CEO of Coinbase, said that the company’s newly launched Ethereum L2 Network Base might take transaction monitoring and anti-money laundering measures. He said that Base will have some “centralized components”, but it will become more and more decentralized as time goes by. Now it needs to be responsible for transaction monitoring, which means that although Base will be open to all developers, it will eventually become the “headquarters of products on the Coinbase chain”. It is speculated that any existing products integrated by Coinbase and Base will maintain their original KYC/AML measures. （Cryptoslate）
Interpretation of this information:
Brian Armstrong, CEO of Coinbase, recently made a statement indicating that the company’s newly launched Ethereum L2 Network Base will have some centralized components initially, but will become more decentralized over time. However, he also mentioned that the network will be responsible for transaction monitoring and anti-money laundering measures. This means that although the network will be open to all developers, it will eventually become the primary network for products on the Coinbase chain. It is expected that any products currently integrated with Coinbase and Base will maintain their existing KYC/AML measures.
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