Coinbase Backs Blockchain IDs, Zero-Knowledge Proofs for AML

[etfs]

Coinbase wants the Treasury to recognize decentralized IDs and zero-knowledge proofs as legitimate KYC and AML tools.
The exchange believes these privacy-preserving systems can improve detection of illicit blockchain activity without overburdening users.
It also supports better data-sharing frameworks to flag suspicious blockchain transactions while reducing unnecessary recordkeeping.

[kelson10]

Zero-knowledge tech could revolutionize AML compliance without compromising user privacy.

[alex10]

Coinbase’s support for blockchain ID systems points toward a more trust-based crypto economy.