Coinbase CEO, Brian Armstrong, has revealed that the company’s new layer-2 network, Base, is likely to incorporate transaction monitoring and anti-money laundering measures.
In an interview with Bloomberg on March 6, Armstrong acknowledged that although Base currently has some centralized components, it will become progressively decentralized over time as it grows.
He added that Coinbase has responsibilities in terms of transaction monitoring. Armstrong suggested that centralized actors would likely be responsible for avoiding money laundering and maintaining transaction monitoring programs over time.
Source: https://crypto.news/coinbases-layer-2-network-to-face-transaction-monitoring/