Circle launches new compliance platform Compliance Engine, supporting multiple blockchains including Ethereum
ChainCatcher news, according to The Block, USDC issuer Circle has launched an on-chain compliance platform "Compliance Engine," aimed at helping businesses develop blockchain applications while meeting strict compliance requirements.The platform will include transaction screening tools that can be used to "detect high-risk and suspicious transfers" as well as monitoring tools that "help identify potential high-risk behaviors." Compliance Engine will feature a one-stop "dashboard" where users can integrate APIs, analyze data, tag transactions in real-time, conduct long-term investigations, blacklist suspicious wallets, and report transactions to authorities. The platform will support connections to multiple blockchains, including Avalanche, Ethereum, Polygon, and Solana, through Circle's programmable wallet tools.