The U. S. Securities and Exchange Commission (SEC) is seeking sources for blockchain data and its analysis, a press release issued by the agency discovered on January. 31.

According to the statement, the SEC is trying to seek out businesses able to offer blockchain data to support its risk monitoring and compliance enforcement activity, in addition as inform the commission concerning digital assets. Last month, the agency declared that cryptocurrencies are one of the its top examination priorities for the current year.

According to the January. 31 statements, the agency expressed interest in potential sources for data regarding the most popular blockchain ledgers. Apart from providing the data, the businesses are required to parse the data for ease in reviewing.

Furthermore, the SEC additionally requests data regarding an overview of the data extraction, conversion and verification processes. The agency also asks the taking part corporations to outline their “capability to derive insights from the available data,” together with the identification of the owners of crypto addresses.

Companies willing to respond to the agency’s request should send their response via email by February. 14 containing a brief capabilities statement package, the document notes.

In August 2018, an agent of the U.S. Drug enforcement Administration (DEA) noted that whereas privacy-focused cryptos are more anonymous than Bitcoin (BTC), the agency has still ways in which to trace them. The agent, Lilita Infante, declared:

“The blockchain really offers us plenty of tools to be able to determine people. I really want them to keep using them [cryptocurrencies].”

Managing partner at Andreessen Horowitz, Scott Kupor, additionally urged in mid-July 2018 that “Bitcoin is law enforcement’s best friend” due to the ability to track illicit transactions on the blockchain.

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