SEC’s New FinHub Includes Blockchain Guidance

On October 18, 2018, the U.S. Securities and Exchange Commission announced the creation of its Strategic Hub for Innovation and Financial Technology (FinHub).

FinHub is designed to serve as a resource for public engagement on the SEC’s FinTech-related issues and initiatives, such as distributed ledger technology (including digital assets) [better known as “blockchain”], automated investment advice, digital marketplace financing, and artificial intelligence/machine learning.

According to the SEC, FinHub will: 

  • Provide a portal for industry and the public to engage directly with SEC staff on innovative ideas and technological developments; 
  • Publicize information regarding the SEC’s activities and initiatives involving FinTech on the FinHub page
  • Engage with the public through publications and events, including a FinTech Forum focusing on distributed ledger technology and digital assets planned for 2019;
  • Act as a platform and clearinghouse for SEC staff to acquire and disseminate information and FinTech-related knowledge within the agency; and
  • Serve as a liaison to other domestic and international regulators regarding emerging technologies in financial, regulatory, and supervisory systems.

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