U.S. SEC Suggest Amendment in Regulation For Bitcoin

The U.S. Securities and Exchange Commission (SEC) Commissioner, Hester Peirce in speech at University of Missouri School of Law said that blockchain-based decentralized networks do not fit within existing securities framework. So it is important for policymakers and regulators to amend the existing federal laws to include new technological protocols. They making efforts in filtering out good ICOs.

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U.S. SEC Suggest Amendment in Regulation For Bitcoin

A Blockchain is a growing list of records, called blocks, which are linked using cryptography. Cryptography is the practice and study of techniques for secure communication in the presence of third party adversaries. Cryptocurrency is a digital currency that uses encryption (cryptography) to regulate the generation of currency and verify the transfer of funds, independently of a central bank.

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