[Decrypt: Coinbase Suggests U.S. Treasury Update Anti-Money Laundering Rules] Coinbase has proposed to the U.S. Treasury that current anti-money laundering rules are outdated and ineffective in addressing cryptocurrency-related crimes. The company advocates for the adoption of technological solutions to enhance regulatory efficiency, emphasizing the transparency and traceability of blockchain technology. Previously, anti-money laundering measures in the traditional financial system faced challenges in the crypto space, sparking calls within the industry for regulatory reform. The community has reacted differently to this proposal, with some expressing concerns that technological solutions may pose privacy risks. (Decrypt)