SEC Asks Blockchain Companies to Furnish Data for Review

US SEC Calls for Blockchain Companies to Furnish Data for Review

The United States Securities and Exchange Commission (SEC) has issued a statement seeking potential sources for blockchain data and its analysis. The agency has also stated that it is looking forward to examine cryptocurrencies in preference.

As per the statement, the entity is exploring for businesses that can support its risk monitoring and compliance enforcement activity by providing blockchain data and information about digital assets. Interested companies are required to email their responses to the agency by 14th February, 2019.

In addition to providing data, the companies will have to simplify the data for feasible reviewing and provide an overview of the data extraction, conversion, and authentication processes. Furthermore, the SEC has also asked companies to demonstrate the real-time usage of blockchain technology and showcase their capability to derive complicated data like the identification of addresses of crypto-owners.