Circle has launched a Compliance Engine to help developers meet regulatory demands and build on-chain financial services.
The Compliance Engine integrates with Circle’s Programmable Wallets, including tools like Transaction Screening and the Travel Rule Service.
Circle Internet Financial, the issuer of US Dollar Coin (USDC), has introduced a blockchain-based compliance platform designed to assist companies in maintaining regulatory standards while building on-chain applications. Known as Circle CEO Jeremy Allaire unveiled the Compliance Engine, this suite of tools on September 24.
The Compliance Engine offers several services to ensure the integrity and safety of a blockchain transaction. These include transaction screening and monitoring solutions for identifying potential fraudulent activities and other services for KYC compliance. These include rules such as the United States Travel Rule, which mandates that some information pertaining to the customer has to be disclosed in a tran

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