#Coinbase #Regulation

🇺🇸 Coinbase urges the US to modernize financial regulation using ZK proofs

Coinbase has called on US lawmakers to update the Bank Secrecy Act (BSA) to include Zero-Knowledge Proofs (ZKPs).

According to the company's chief legal officer, Paul Grewal, ZK proofs can enhance the transparency of financial transactions while preserving user privacy.