CEX calls on the U.S. Treasury to reform AML rules using AI and Blockchain innovation.

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[CEX Calls on the U.S. Treasury to Reform Anti-Money Laundering Rules with AI and Blockchain Innovations] CEX urges the U.S. Treasury to update outdated anti-money laundering regulations based on the 1970 Bank Secrecy Act, advocating for the enhancement of compliance efficiency through technological innovations such as AI and blockchain analysis. Chief Legal Officer Paul Grewal stated, “Bad actors innovate, and good actors must innovate too.” The company suggests establishing regulatory “safe harbors,” recognizing new customer verification methods like decentralized identifiers and zk-SNARKs, and promoting regulatory sandboxes to test new compliance models. This move contrasts with the recent strict regulatory proposals regarding Decentralized Finance (DeFi) in the Senate, as CEX emphasizes innovative collaboration over strengthened enforcement.

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