According to Cointelegraph, Circle Internet Financial, the issuer of U.S. Dollar Coin (USDC), has introduced a suite of blockchain-based compliance products aimed at helping companies build onchain while adhering to stringent compliance requirements. The announcement was made by Circle CEO Jeremy Allaire on September 24 via social media.

The new platform, named Compliance Engine, features transaction screening and monitoring tools to detect suspicious activities and a service focused on compliance with Know Your Customer (KYC) regulations, including the United States' Travel Rule. Allaire emphasized that Circle has developed significant capabilities in this area over the past decade and is now offering these tools to developers and operations teams working on financial applications onchain.

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