WASHINGTON D.C., December 5, 2018 — 10XTS CEO, Michael Hiles, had the opportunity to meet up with Securities Exchange Commissioner Hester Pierce at the Digital Asset Forum held at the St. Regis Hotel in Washington D.C.
The Digital Asset Forum was a high level event with institutional and capital markets investors from around the globe. Commissioner Pierce was a feature keynote. Afterwards, Mr. Hiles was able to connect with Commissioner Pierce to discuss various regulatory compliance issues of public crypto blockchain networks as they relate to cybersecurity.
In particular, 10XTS strongly maintains public crypto networks do not meet FFIEC, OCIE compliance, or other SEC-related data mandates such as SEC Rule 17a-3 & 17a-4 records to be made by and preserved by certain exchange members, brokers and dealers for compliance record keeping.