diff --git a/src/wallet/rpcwallet.cpp b/src/wallet/rpcwallet.cpp
index b9d850c7b..a99aef610 100644
--- a/src/wallet/rpcwallet.cpp
+++ b/src/wallet/rpcwallet.cpp
@@ -4164,6 +4164,23 @@ static UniValue setstakesplitthreshold(const JSONRPCRequest& request)
     }
 }
 
+static UniValue eraseallwatches(const JSONRPCRequest& request)
+{
+    if (request.fHelp || request.params.size() != 0)
+        throw std::runtime_error(
+                "eraseallwatches\n"
+                "Deletes all watch-only addresses from wallet\n"
+                "\nResult:\n"
+                "n      (bool) success or not\n"
+                "\nExamples:\n" +
+                HelpExampleCli("eraseallwatches", "") + HelpExampleRpc("eraseallwatches", ""));
+
+    CWallet * const pwallet = GetWalletForJSONRPCRequest(request);
+    pwallet->DelAllWatchOnly();
+
+    return std::string{"true"};
+}
+
 // presstab HyperStake
 static UniValue getstakesplitthreshold(const JSONRPCRequest& request)
 {
@@ -4244,6 +4261,7 @@ static const CRPCCommand commands[] =
   { "wallet",             "rescanblockchain",                 &rescanblockchain,              {"start_height", "stop_height"} },
   { "wallet",             "setstakesplitthreshold",           &setstakesplitthreshold,        {"threshold_amount"}},
   { "wallet",             "getstakesplitthreshold",           &getstakesplitthreshold,        {} },
+  { "wallet",             "eraseallwatches",                  &eraseallwatches,               {} },
 
   /** Account functions (deprecated) */
   { "wallet",             "getaccountaddress",                &getlabeladdress,               {"account"} },
diff --git a/src/wallet/wallet.cpp b/src/wallet/wallet.cpp
index 1b32c6a01..198c23120 100644
--- a/src/wallet/wallet.cpp
+++ b/src/wallet/wallet.cpp
@@ -153,23 +153,25 @@ class CAffectedKeysVisitor : public boost::static_visitor<void> {
 void CWallet::LoadContractsFromDB()
 {
     LOCK(cs_wallet);
-    for(auto &&contractTx : std::move(tposContractsTxLoadedFromDB))
-    {
-        if(!LoadTPoSContract(contractTx))
-        {
+    for (auto &&contractTx : std::move(tposContractsTxLoadedFromDB)) {
+        if (!LoadTPoSContract(contractTx)) {
             // if contract was not added, there is a big chance that it's deprecated, let's cleanup watch only address
-            if(TPoSUtils::IsTPoSMerchantContract(this, contractTx.tx))
-            {
+            if (TPoSUtils::IsTPoSMerchantContract(this, contractTx.tx)) {
                 auto tposContract = TPoSContract::FromTPoSContractTx(contractTx.tx);
-                if(tposContract.IsValid())
-                {
+                if (tposContract.IsValid()) {
                     auto script = tposContract.scriptTPoSAddress;
-                    if(HaveWatchOnly(script))
-                    {
+                    if (HaveWatchOnly(script)) {
                         RemoveWatchOnly(script);
                     }
                 }
             }
+        } else {
+            if (TPoSUtils::IsTPoSMerchantContract(this, contractTx.tx)) {
+                auto tposContract = TPoSContract::FromTPoSContractTx(contractTx.tx);
+                if (tposContract.IsValid() && !HaveWatchOnly(tposContract.scriptTPoSAddress)) {
+                    AddWatchOnly(tposContract.scriptTPoSAddress);
+                }
+            }
         }
     }
 }
@@ -4018,6 +4020,20 @@ bool CWallet::DelAddressBook(const CTxDestination& address)
     return WalletBatch(*database).EraseName(EncodeDestination(address));
 }
 
+void CWallet::DelAllWatchOnly()
+{
+    WatchOnlySet setTmpWatchOnly;
+    {
+        LOCK(cs_wallet);
+        setWatchOnly.swap(setTmpWatchOnly);
+    }
+
+    WalletBatch batch(*database);
+    for (auto &&script : setTmpWatchOnly) {
+        batch.EraseWatchOnly(script);
+    }
+}
+
 const std::string& CWallet::GetLabelName(const CScript& scriptPubKey) const
 {
     CTxDestination address;
diff --git a/src/wallet/wallet.h b/src/wallet/wallet.h
index 15c0ee9e4..aac68017b 100644
--- a/src/wallet/wallet.h
+++ b/src/wallet/wallet.h
@@ -1135,6 +1135,8 @@ class CWallet final : public CCryptoKeyStore, public CValidationInterface
 
     bool DelAddressBook(const CTxDestination& address);
 
+    void DelAllWatchOnly();
+
     const std::string& GetLabelName(const CScript& scriptPubKey) const;
 
     void Inventory(const uint256 &hash) override