Brian Armstrong, CEO of Coinbase, has suggested that the company’s upcoming layer-2 blockchain network Base may be launched with transaction monitoring and anti-money laundering controls.

Armstrong claimed that Base currently has some centralized components in an interview with Joe Weisenthal on Bloomberg Radio. However, according to the exec, “it will be more and more decentralized over time.” That being said, Armstrong clarified that users of the new layer-2 network will be subject to transaction monitoring and AML rules.

According to Coinbase’s CEO, the crypto-exchange will be responsible for transaction monitoring. He continued,

“I think that the centralized actors are the ones that are probably going to have the most responsibility to avoid money laundering issues and having transaction monitoring programs and things like that.”