U.S. SEC Attempts to Buy Virtual Currency Regularly

On a condition that the virtual currency has history of full node of blockchain

Reporter James Lee 2019-07-09 19:07 English DN 50.00

This move is seen as a sign that the government regulators have begun to analyze the impact of blockchain and virtual currencies on the real economy in a more serious manner. A closer look at the purpose of the purchase of the Securities and Exchange Commission (SEC) says: "to support the Commission's active policy focus on digital assets and improve risk monitoring or compliance."

In addition, SEC further mentioned the all the potential purchases in review are limited to tokens that have full-node blockchain data from the node directly acquired to the present. There are two additional conditions:

- Tokens that at least include bitcoin and etherium blockchain.

- Tokens that include as many blockchain as possible among the following six virtual currencies (BCH, XLM, ZEC, EOS, NEO, XRP)

As for contracts with vendors needed to purchase blockchain data on a regular basis, the contract will be renewed every year after this December. Meanwhile, companies who wants to offer need to meet multiple conditions such as registration with SAM (the online vendor registration system operated and managed by the U.S. government).

In any case, there were concerns within the organization that regulatory authorities such as SEC (Securities and Exchange Commission) have slow access to the industry, but in addition to the government's stance to work toward understanding blockchain, its move to start risk management using blockchain data from the regulatory authorities may be a major step forward in the industry.


Reporter James Lee (news@dailycoinews.com)의 기사 더 보기

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