Bitcoin exchange Coinbase has launched a new line of products aimed at preventing illegal transactions and complying with regulatory requirements.

The name of the venture is Coinbase Intelligence. Includes Know Your Coinbase Transaction (KYT) and an update to the current Coinbase Analytics offering.

The first tool allows companies to detect illegal transactions via an API. Using a scoring system, KYT also helps you monitor transactions in real time to reduce risks.

The name of the Coinbase Analytics system used to analyze transaction data has been changed to Coinbase Tracer. The tool is made available to third parties to monitor fund movements and reduce fraud.

“We have also updated our user interface. It has become more user-friendly, visually appealing.”says blog post.

Recall that in 2020 the US Secret Service signed a four-year contract to use Coinbase Analytics (formerly Neutrino).

Later, the product also attracted attention. DEA, IRS and ICE.

Coinbase acquired Neutrino in 2019. After the acquisition, the company was criticized – the founders of the Italian enterprise were involved in the Hacking Team project, which sold spyware to dictatorial regimes.