SEC to Use Blockchain Tools to Identify Crypto Wallet Owners

[fitload]

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.

Read More: https://bitzamp.com/sec-to-use-blockchain-tools-to-identify-crypto-wallet-owners/

[Beiley3]

That looks so helpful. Great tool to find out the real crypto wallet owners.

[Alcor]

That looks so helpful. Great tool to find out the real crypto wallet owners.

Well, what is it good for? SEC too actively wants to destroy the anonymity and confidentiality of the individual in cryptocurrency. I hope that the US will soon adopt a bill that will allow the cryptocurrency to be withdrawn from the immediate zone of influence of this commission. Of course, the state authorities and the decentralized cryptocurrency will continue to compete, which will lead to the emergence of new coins, including with effective protection against such influence.