SEC to Hold Public Forum on Blockchain at the End of March
- The forum is being put on by the regulator's FinHub
The Securities and Exchange Commission announced on Friday that it is going to hold a public forum on Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term technology.
Scheduled for the 31 of March, the US regulator’s ‘FinHub is organizing the forum.’
Launched last year, FinHub is the SEC’s hub for financial technology.
The regulator says that it will be using the hub to make its work on technology more accessible to both financial institutions and tech firms.
Currently, the SEC hosts meetings with companies at two different locations - one in Denver and another in San Francisco.
The financial watchdog’s blockchain forum will be the second such event that it has hosted, though the last was way back in 2016 - light years in the fast-moving world of cryptocurrency.
Crypto and blockchain
According to a statement released by the SEC, the forum will deal with both blockchain technology and Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term.
Some time will be spent looking at blockchain technology, what uses it can be toward and how it is changing certain industries.
But, perhaps more excitingly, the group is going to be discussing cryptocurrency trading platforms and digital assets.
The forum will also look at how digital assets are affecting the broader financial markets and what effect they have had on investors.
Regulators have been wrestling with cryptocurrencies in earnest for two or three years now but are yet to determine exactly what they should do with them.
Just this week, SEC Commissioner Hester Peirce said that she believed the digital assets market should be self-regulating.
She did, however, insert a caveat into her statement, noting that initial coin offerings should fall within the regulator’s purview as they resemble securities.
The Securities and Exchange Commission announced on Friday that it is going to hold a public forum on Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term technology.
Scheduled for the 31 of March, the US regulator’s ‘FinHub is organizing the forum.’
Launched last year, FinHub is the SEC’s hub for financial technology.
The regulator says that it will be using the hub to make its work on technology more accessible to both financial institutions and tech firms.
Currently, the SEC hosts meetings with companies at two different locations - one in Denver and another in San Francisco.
The financial watchdog’s blockchain forum will be the second such event that it has hosted, though the last was way back in 2016 - light years in the fast-moving world of cryptocurrency.
Crypto and blockchain
According to a statement released by the SEC, the forum will deal with both blockchain technology and Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term.
Some time will be spent looking at blockchain technology, what uses it can be toward and how it is changing certain industries.
But, perhaps more excitingly, the group is going to be discussing cryptocurrency trading platforms and digital assets.
The forum will also look at how digital assets are affecting the broader financial markets and what effect they have had on investors.
Regulators have been wrestling with cryptocurrencies in earnest for two or three years now but are yet to determine exactly what they should do with them.
Just this week, SEC Commissioner Hester Peirce said that she believed the digital assets market should be self-regulating.
She did, however, insert a caveat into her statement, noting that initial coin offerings should fall within the regulator’s purview as they resemble securities.