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 […]

Source: https://news.bitcoin.com/technology/secs-hester-peirce-wants-zero-knowledge-proofs-to-fix-kyc-system/