Coinbase Patents Auto-Compliance Score System
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29 November
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The U.S.-based cryptocurrency exchange Coinbase has filed a patent of a system that determines a compliance score for each one of the accounts based on the respective factors associated with the respective account.

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According to the filling, the system compares the compliance assessment for each account with a reference conformity assessment to determine the subset of accounts that do not meet the requirements, and the subset of accounts that meet the requirements.

"A corrective action system allows for determining, for each one of the accounts that is flagged as non-compliant, whether the account is bad or good, entering the determination into a feedback system and closing the account," states the patent.

Previously iHodl reported that the U.S.-based financial services company Robinhood withdrew its bank charter application with the Office of the Comptroller of the Currency.

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