The United States Securities and Exchange Commission (SEC) is seeking sources that can provide blockchain data to support its efforts on ensuring compliance and risk monitoring of digital assets, and ways to identify the owners of wallet addresses for multiple cryptocurrencies.

'The SEC is seeking information for potential sources to support the goal of acquiring data for the most widely used blockchain ledgers, including the universe of available information and transaction details', the report reads.

The SEC has issued a ‘sources sought notice’ on January 31, searching for companies that can provide blockchain data to support its efforts to monitor risk and improve compliance of digital assets.

The data from the Blockchain will be able to assist in the determination of crypto ownership. This would be useful for determining a crypto token from a security token, as the SEC has stated that the more Decentralised it is and the more distributed the ownership, the less likely it will be security.

All responses from the SEC is expected to be released around the 14th of February in order to see the follow-ups of the SEC on the crypto industry. 

There has been information regarding the exerted jurisdiction over Initial Coin Offerings(ICOs) and has thus designated two cryptocurrencies as being non-securities, which is Ethereum and Bitcoin.


Like it? Share with your friends!

498
958 shares, 498 points

What's Your Reaction?

lol lol
133
lol
scary scary
66
scary
omg omg
666
omg
wtf wtf
533
wtf
win win
400
win
fail fail
333
fail
Love Love
266
Love
hate hate
666
hate
confused confused
200
confused
avatar
  Subscribe  
Notify of
Choose A Format
Story
Formatted Text with Embeds and Visuals
List
The Classic Internet Listicles
Meme
Upload your own images to make custom memes
Image
Photo or GIF
Video
Youtube, Vimeo or Vine Embeds
Gif
GIF format
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Poll
Voting to make decisions or determine opinions
Countdown
The Classic Internet Countdowns