Coinbase CEO Brian Armstrong said on March 6 that his company’s layer-2 network, Base, will likely feature transaction monitoring and anti-money laundering measures.

Though Base will be open to all developers, Coinbase’s initial announcement suggested that Base will be a “home for Coinbase’s on-chain products.” Presumably, any existing products that Coinbase integrates with Base will maintain their original KYC/AML measures.

That earlier announcement also suggested that Base will become “progressively decentralized” but, in doing so, did not suggest a lack of regulatory compliance.

Coinbase initially announced Base on Feb. 23. At that time, the company said it plans to build the platform in collaboration with Optimism, an existing layer-2 project for Ethereum. Coinbase will join Optimism as a core developer and use the OP Stack.

The company additionally noted at that time that Base will work with Ethereum itself, other layer-2 networks, and compatible layer-1 blockchains such as Solana.

Base is currently in testnet, available to developers but not yet applicable to actual use cases. Coinbase has not announced a mainnet launch date.