Company
Date Published
Author
Team Circle
Word count
722
Language
English
Hacker News points
None

Summary

Circle Internet Financial has introduced Compliance Engine, a new feature for Programmable Wallets, designed to help businesses navigate the complex and evolving landscape of digital asset regulations. This tool integrates customizable, automated compliance checks directly within Circle's infrastructure, eliminating the need for third-party solutions and allowing businesses to tailor compliance functions according to their specific needs. Circle's commitment to regulatory compliance is underscored by its status as the first stablecoin issuer to comply with the EU's comprehensive Markets in Crypto-Assets (MiCA) regulatory framework. Compliance Engine includes features such as transaction screening, transaction monitoring, and adherence to the Travel Rule, enabling businesses to perform real-time checks and periodic monitoring to manage risk and ensure secure transactions. By offering these capabilities, Circle aims to simplify the process of meeting regulatory requirements, thereby encouraging more businesses to confidently engage with blockchain and digital assets.