With Compliance Engine, developers can help protect their users and meet regulatory requirements with customizable, automated compliance checks.
At Circle, regulatory compliance is at the very core of what we do. In building a foundation of trust, security, and transparency with our partners and customers, we hit the ground running with a compliance-first culture. It’s this dedication to meeting regulatory requirements that allows us to focus on building a frictionless bedrock for stablecoins, secure protocols, and trusted blockchain solutions.
Because of this dedication, we know it’s critical to stay at the forefront of meeting evolving digital asset regulations. That pursuit is exactly why we were able to become the first stablecoin issuer to achieve compliance with the Markets in Crypto-Assets (‘MiCA’) regulatory framework in Europe, one of the world’s most comprehensive regulatory structures for digital assets, with our stablecoins: USDC and EURC.
We believe that meeting changing regulatory requirements in the digital assets and blockchain environment shouldn’t be nearly as difficult as it’s proven to be historically. That’s why we’re launching a feature that will give your business the tools to help meet your regulatory and compliance requirements.
Introducing: Compliance Engine
Today, we are launching Compliance Engine for Programmable Wallets to help you protect your users and meet regulatory requirements with customizable, automated compliance checks. We’re incredibly proud to be the first platform that’s bringing this natively integrated solution within our infrastructure to make it easier for businesses to build on-chain — no need to separately integrate a third party solution.
For any business, taking the leap to get involved in a developing space can feel daunting, even when the prospective benefits of doing so are substantial. But it’s in ensuring that your business is correctly navigating the ever-changing rules, regulations, and compliance demands of that developing space that can make it even harder to justify taking the leap.
Pivoting to meet evolving digital asset regulations has been a hurdle since its inception. In order for businesses to confidently build on-chain—whether just starting out or expanding upon an existing service—this hurdle has to be removed. We developed Compliance Engine to meet that demand and deliver that solution.
Three key components of Compliance Engine
Transaction Screening
Automate real-time checks to detect risky entities or transactions and define risk levels and actions to be programmatically taken against transactions.
Transaction Monitoring
Run periodic monitoring on historical transactions to uncover patterns of high-risk behavior when analyzing entities, including users and wallets, holistically.
Travel Rule
Satisfy obligations with real-time checks against jurisdictional requirements, custom policies, and data validation. Enable secure PII transmission for transactions between VASPs and support verifications for self-hosted wallets.
Because you can granularly tailor each function to meet the needs of your business, Compliance Engine can adapt business case-by-business case — and those adaptations are entirely in your hands. From defining transaction alert policies, integrating real-time automated risk management enforcement, to developing preventative blocklists, it’s all there in one comprehensive platform.
Compliance Engine for Programmable Wallets has officially entered the building — and the days of spending months getting ready to go to market with a compliant product are exiting stage left. In other words: Welcome to the future of real-time digital asset regulatory compliance.
There’s so much you can do with Compliance Engine, and we can’t wait to see how you integrate it into your on-chain initiatives.
Ready to check out this new feature? Head over to our site to get the full suite of details and learn how you can start building with Compliance Engine for Programmable Wallets for free.
Want to read up on our data-backed report? Our white paper highlights how meeting regulatory requirements is a key value add for your customers and provides you helpful tools to aid in your understanding of potential obligations for your business.
