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SEC Awards CipherTrace—The Only Analytic Firm Capable of Tracing Binance Chain, CZ Responded: “Blockchain Analysis Tools Are Common”
Summary: In a memo published on Wednesday, the U.S. Securities and Exchange Commission (SEC) intends to award a fixed-price contract on a single source basis to CipherTrace Inc--the only blockchain analysis firm capable of tracing Binance Chain transactions. SEC wrote in the description: “CipherTrace products are the only known blockchain forensics and risk intelligence tool that ...
In a memo published on Wednesday, the U.S. Securities and Exchange Commission (SEC) intends to award a fixed-price contract on a single source basis to CipherTrace Inc--the only blockchain analysis firm capable of tracing Binance Chain transactions.
SEC wrote in the description: “CipherTrace products are the only known blockchain forensics and risk intelligence tool that can support BNB and all tokens on the Binance network.”
Coindesk reporter interprets SEC’s move as an attempt to start scrutinizing Binance Coin (BNB) transaction, based on a press release in November 2019 that mentioned the possibility of regulator’s supervisions.
However, the CEO of Binance Changpeng Zhao responded to Coindesk’s article on twitter, accusing the title to be “clickbait / misleading”.
“Blockchain analysis tools are common, and typically support BTC, ETH, and more recently ERC20 tokens”, CZ commented, “CipherTrace’s support of Binance Chain is an important step for more BEP2 token listings on fiat exchanges.”
By Lily Yang
Tags: Binance,CipherTrace,CZ,Regulation,SEC
Link: SEC Awards CipherTrace—The Only Analytic Firm Capable of Tracing Binance Chain, CZ Responded: “Blockchain Analysis Tools Are Common” [Copy]
