Is China's blockchain licensed
Zheng Xiaojun, chief economist of the world blockchain organization and President of the Caribbean blockchain Research Institute, introced the world blockchain organization at the tokensky blockchain conference in South Korea today. He mentioned that the Caribbean is the largest offshore area in the world, and a lot of international re export trade relies on the Caribbean for operation. However, 80% of the population in the region does not have bank accounts, and the financial infrastructure cannot be solved by traditional financial instruments. Therefore, the development and cooperation of blockchain in the world is very necessary
At the tokensky blockchain Conference on March 14-15, Zheng Xiaojun, director general of wbo, mentioned that the wbo licensing authority will issue three types of licenses: digital asset operation license (for ordinary digital asset companies), digital asset trading license (for digital currency exchanges, etc.) and ICO license (for ICO only projects, companies, etc.)
it is understood that the world blockchain organization is a non-governmental organization registered by the United Nations Economic and social affairs agency. Its purpose is to become a major international intergovernmental organization in the blockchain instry and provide another method and means to solve the financial problems between countries and regions by promoting the cooperation of the blockchain world
at present, wbo has more than 400 members and institutions, including nine offices including the licensing authority, to operate blockchain policy research, legislative promotion, standard formulation, evaluation and certification, conferences and exhibitions, training and ecation and other activities
the wbo with endorsement from international organizations will issue licenses related to digital cryptocurrency and blockchain, which may provide clearer guidance on supervision and practice at the national level, and bridge the cooperation between countries
as a financial technology leader, the United States discussed cryptocurrency, ICO and whether the existing regulatory framework is sufficient to protect investors at the recent congressional cryptocurrency regulatory hearing. Many of them agreed that the regulatory authorities should clarify the legal status of encrypted assets, and ensure that the relevant processes comply with the law while helping entrepreneurs to innovate
No matter what the result is, the measures taken by these important organizations and governments show that they will not sit back and watch the currency circle and chain circle go disorderly
it is worth noting that on March 11, the blockchain instry alliance of China Hi Tech Instrialization Research Association also announced that it has officially joined the ranks of wbo sponsors, and Zhu Tao, chairman of the alliance, is also the deputy director general of the world blockchain organization. With the issuance of internationally recognized licenses, will China's policies be relaxed
1. Jinrong China Financial Instry Co., Ltd.
this is a digital currency trading platform in Hong Kong. At the beginning of trading, it developed on the principle of safeguarding the rights and interests of customers. Similarly, in order to expand trading customers, the company launched the privilege of opening accounts free of charge, and gave customers some concessions in some festivals, This is an important reason why the enterprise takes the first place in the domestic formal blockchain platform
2. Bitfinex
is a digital currency trading platform in Hong Kong, China. It is one of the largest cryptocurrency exchanges in the world. It occupies an important position in the world's cryptocurrency trading and circulation. It also provides the world's most liquid registration policy and plays an important role in the world's trading operations, At present, it occupies the second place in the domestic regular blockchain platform
3. Fire coin network
this is an earlier digital currency trading platform in China, mainly trading bitcoin. As the third instry of domestic regular blockchain platform, it is the trading platform with the largest bitcoin trading volume in China. Many new digital asset trading platforms have been developed under the company, For the future development of the foundation
This is a digital currency trading platform jointly established by some digital currency enthusiasts, and its founder is Zhao CHANGPENG. In fact, this trading platform didn't attract much attention at the beginning. With the continuous operation of the company and the founder's understanding of digital currency, this enterprise has become the top four domestic regular blockchain platforms, which shows the power of this platform This is one of the most popular digital asset trading platforms in the world. There are many kinds of digital currencies for trading, and their main functions are cash out and derivative trading. They are well-known in the world's exchangesAt present, there are quite a lot of MSB licenses in the United States. The bigger ones are Huo coin, coin an, and the smaller domestic second and third tier exchanges are all licensed. At present, the licenses are also a trend in the future. They are all moving towards standardization, and there are more than 20 applications for licenses every month
for example: US MSB, Estonia, Australia
on April 9, 2017, Hangzhou municipal government and a company jointly set up a $10 billion xiongan global blockchain innovation fund, which can promote the development of blockchain projects. This initiative has also attracted the attention of many relevant financial people. At present, Hangzhou blockchain Instrial Park is one of the important initiatives funded and developed by the municipal government, I believe this case has also become one of the representative cases in China. Since then, more and more blockchains have developed all over the country<
at present, China has a new understanding of digital currency, analyzing the value of digital currency in essence, and relevant departments are also actively participating in the corresponding research. The central bank has set up a special research group and digital currency Research Institute, hoping to further explore the digitalization of sovereign currency. From the side, it can be seen that China has a positive attitude towards blockchain technology, and the Chinese government has repeatedly stressed the important role of blockchain technology in reshaping the global financial pattern
with the development of global economy, the Chinese government has realized the commercial development of domestic blockchain projects. From the blockchain projects invested by Hangzhou municipal government, it can be seen that more and more provinces will start to carry out blockchain projects in the future, which can promote the development of local economy
is blockchain legal in China? At present, the Chinese government is actively studying blockchain, and has carried out blockchain related projects in some provinces. Through the above introction, I believe that people should have a certain understanding of the blockchain. I believe that in the near future, there will be more and more blockchain projects, which can promote the development of domestic economy and enable more and more people to get more wealth from blockchain projects.
John Clayton, chairman of the U.S. Securities and Exchange Commission, criticized ICOS that want to evade regulation, saying: "a lot of ICOS are concted under illegal circumstances. The sponsors and other participants of these ICOS have not complied with our securities laws. Some people say this is because the law is not perfect. But I don't think so at the moment. "
according to Clayton, up to now, no ICO has been registered with the sec. In 2017, all the ICOS raised about US $4 billion. "A lot of people think that ICO is a new thing and deny that ICO is a kind of security, but another way of financing," Clayton said. I don't think regulators have done a good job in this area. "<
Giancarlo of CFTC also thinks that virtual currency should be more strictly regulated. "I'm surprised by the enthusiasm of young people for virtual currency, and we should respect them."
the two presidents of the US regulatory agencies believe that decentralized blockchain technology has great potential, but whether it can bring benefits to the public is still unknown
although the relevant agencies have concted dialogues at the congressional hearings, it will take a long time to formulate specific policies.
On August 10, the country's first blockchain electronic invoice was launched in Shenzhen. Shenzhen International Trade revolving restaurant issued the country's first blockchain electronic invoice, declaring that Shenzhen has become the first pilot city of blockchain electronic invoice, which also means that the era of blockchain is officially opened for tax service
blockchain e-invoice has the characteristics of complete traceability in the whole process and tamper proof information, which is consistent with the invoice logic, and can effectively avoid false invoices and improve the invoice supervision process. Blockchain e-invoice will connect each invoice stakeholder, and can trace the source, authenticity, entry and other information of the invoice, so as to solve the problems of one vote multi reporting, false reporting and false offset, and hard to verify the authenticity in the process of invoice circulation. In addition, it has the advantages of recing cost, simplifying process, ensuring data security and privacy