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Coinbase is advocating for the modernization of the Bank Secrecy Act (BSA) by integrating Zero-Knowledge Proofs (ZKPs) to enhance financial transparency while safeguarding consumer privacy. The exchange argues that ZKPs could revolutionize compliance by reducing unnecessary data exposure. Meanwhile, analysts see Coinbase’s stock dip as a buying opportunity for long-term investors.
- Coinbase proposes using Zero-Knowledge Proofs (ZKPs) to modernize the Bank Secrecy Act, balancing compliance and privacy.
- Analysts recommend 'Buy the Dip' on Coinbase stock, citing long-term growth potential from USDC adoption and institutional expansion.
- Coinbase's 'super app' vision aims to combine trading, DeFi, and NFTs, positioning it as a leader in crypto adoption.
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Related Tags: Coinbase Global Inc.