SEC Commissioner Hester Peirce urged federal regulators to move away from data-heavy know-your-customer and anti-money-laundering requirements toward cryptographic checks that can verify compliance without exposing personal details. In a Sept. 23 speech at SIFMA’s Digital Assets Conference in New... Read the full story at The Defiant
Policy
SEC’s Peirce Urges Zero-Knowledge Proofs to Reduce KYC Data Collection
Peirce also wants institutions to reuse identity checks rather than repeatedly store customer details. Her privacy proposals do not change existing compliance rules.
