SEC to Leverage Anchain.ai Analytics to Look Closely at Defi
On Tuesday, Bitcoin.com News reported
on the chairman of the U.S. Securities and Exchange Commission (SEC),
Gary Gensler, and his statements concerning cryptocurrency regulation.
For quite some time now, the SEC has been focused on cryptocurrencies
and the budding defi economy that’s grown exponentially since mid-2020.
A report
published on Friday by the Forbe’s writer, Steven Ehrlich, indicates
the SEC is gearing up to take a closer look at the world of defi. The report claims that a firm called Anchain.ai has signed a deal with the SEC, according to an Anchain.ai spokesperson.
Anchain.ai CEO: ‘SEC Is Keen on Understanding the World of Smart Contract-Based Digital Assets’
The Anchain.ai CEO and co-founder
Victor Fang also spoke to Ehrlich and said the SEC wants to understand
the technology that powers smart contracts. “The SEC is very keen on
understanding what is happening in the world of smart contract-based
digital assets,” Fang said. “So we are providing them with technology to
analyze and trace smart contracts.”
The report further discloses that
Anchain.ai is not only monitoring for cybercrimals but it also has a
“predictive engine that can be used to identify unknown addresses and
transactions that could be suspicious.” Ehrlich’s report details that
Anchain.ai is working with centralized exchanges (cex) and financial
institutions with exposure to these assets. On August 19, the company
published a blog post called “You Can’t Stop the Trillion-Dollar Virtual Asset Market, but You Can (and Must) Regulate it.”
The report published on Friday notes
that Ye Li, an investment manager at the financial institution SIG, said
that: “Anchain.ai has made great progress in developing its
market-leading crypto security technology to meet its customers’ broad
demand in regulatory compliance and transaction intelligence.”
source link : https://news.bitcoin.com/sec-signs-1-year-deal-with-blockchain-surveillance-firm-to-scrutinize-defi-report/
According to a report published on Friday, the U.S. Securities
and Exchange Commission (SEC) has signed a deal with the blockchain
surveillance firm Anchain.ai in order to get more insight into the world
of decentralized finance (defi). The report notes that the initial
one-year contract is $125K for the job, but Anchain.ai could sign five
more annual contracts with the SEC in order to obtain $625K.
