SEC’s Hester Peirce Wants Zero-Knowledge Proofs to Fix KYC System
Outgoing SEC Commissioner Hester Peirce called for an overhaul of legacy financial-surveillance frameworks, arguing that mandatory, continuous collection of personal data is costly and largely ineffective at detecting criminals. Rethinking Legacy KYC Frameworks Outgoing Securities and Exchange Commission (SEC) Commissioner Hester Peirce has called for an overhaul of the U.S. government’s financial surveillance framework. Speaking […]
Key Takeaways
- Outgoing SEC Commissioner Hester Peirce called for an overhaul of legacy financial-surveillance frameworks, arguing that mandatory, continuous collection of personal data is costly and largely ineffective at detecting criminals.
- Rethinking Legacy KYC Frameworks Outgoing Securities and Exchange Commission (SEC) Commissioner Hester Peirce has called for an overhaul of the U.S.
- government’s financial surveillance framework.
Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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