U.S. SEC Attempts to Buy Virtual Currency Regularly

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

- Daily Coin News prioritizes the voice from the scene over others(news@dailycoinews.com) -

- 기사에 사용된 모든 자료에 대한 책임은 작성자 본인에게 있습니다 -

Bitcoin price when registering article
BTC-USD : $ 12,579.00 USD (API by Bitfinex)