Australia's blockchain policy

1. Yes, it supports. There are many policies on record. You can see that there are also policies to encourage blockchain entrepreneurship. There are different preferential policies in different places
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2. China's local policies have been introced, which series of related policies? This is not very clear. Is this a national document?

3. Nothing else, because it's not against cryptocurrency. Can register fund, can open exchange
as an international financial center, it will not oppose any currency, even the virtual cryptocurrency
this feature also occurs in Hong Kong, the United States, Japan and other areas with relatively open finance. The more open the finance is, the more tolerant the virtual currency is.

4. Sto refers to the issuance of security token. Its full name is security token offer. It is different from 1CO (first token issue) and IFO (first bifurcated issue) that we are familiar with before. It is a kind of issuance of security token under the premise of legal and compliance supervision

explain the terms first and then tell a story. Token and token are actually two translation methods of one thing, namely token, which is based on the points issued by some public chain or other organization (another easy to understand personal translation method of token). Before that, everyone in the circle would send it casually, buy some Ethereum, a set of code, fool around with the white paper, find or create some new terms that they can't understand, and then they can go to earn money. The cost is less than a few dozen yuan, which is called token. Token token, one day, I can replace bitcoin, that's what I mean

however, e to the low threshold of token issuance, the evaluation of a large number of tokens is very negative. Later, it triggered strong supervision, and domestic token issuance and participation activities were stopped. Therefore, in order to get rid of the relationship, a more popular translation method has come out, which is called Tongzheng. Tongzheng Tongzheng is a negotiable warrant

sto is a token of supervision. Through endorsement of certain financial assets or rights and interests in reality, such as stocks, bonds, gold and silver, real estate, rights and interests, investment represents the assets represented by it, which have intrinsic value at the beginning of issuance. At the same time, it also strives to conform to the regulatory framework and be recognized by the securities and Exchange Commission (SEC).

5. Yes, since the central government emphasized that the blockchain should be regarded as an important breakthrough for independent innovation of core technology and accelerated the development of blockchain technology and instry innovation, many places have issued relevant policies to seize the air of blockchain instry. If you want to know more about blockchain, you can pay attention to huocoin University, which also has online live classes.

6. The application of blockchain finance is the key field that it plays a role in reality. The financial instry needs such high-end technology, and the traditional mode of operation will have profound changes because of such technology. The application of blockchain finance has many distinctive characteristics, which makes people talk about it with relish. Moreover, it attracts people's attention because of the actual effect, which has a growing impact

Abstract: developed countries and technology companies have been ahead in the research and application of blockchain technology. From the perspective of patent application, there may be a gap of about one and a half years between China and the United States in terms of blockchain technology. Based on the above situation, how can China achieve "asymmetric" catch-up? First of all, we should see the situation clearly, seize the opportunity and meet the challenge. Secondly, after understanding the necessity of building the bottom layer of the blockchain for the existing business and future development of the financial instry, a consensus of "China's financial blockchain alliance" was reached among financial enterprises. Finally, we should work together to meet the change

how to understand blockchain

bitcoin: a peer-to-peer e-cash system. In 2009, after the paper was published, bitcoin was born as a virtual currency in the digital world of the Internet. At present, bitcoin's total market value is about US $6.5 billion. Although its market value is constantly changing, it is still the largest virtual currency in the world

another important concept is blockchain. Blockchain is an underlying technology of bitcoin, and bitcoin is only an application of blockchain. As we all know, bitcoin can achieve point-to-point value transmission. In addition to bitcoin blockchain, there are many other blockchains, such as Ethereum blockchain. Therefore, we should distinguish the concepts of bitcoin, bitcoin blockchain, blockchain and blockchain technology

at present, there are several misunderstandings about blockchain. Blockchain can be described in English as "decentralized blockchain", in which decentralized is translated as "decentralized". However, I think that the blockchain has realized the value dissemination without intermediary, that is, the point-to-point value dissemination. This does not mean that after entering the era of blockchain, there is no need for the center, but it should develop from a single centralization to the parallel between centers. Then, the existing center is likely to become a sub center or weak center. At present, all banks have their own data centers. If the financial blockchain alliance is established in the future, they can become the nodes in the blockchain alliance, so the blockchain does not need a center<

blockchain does not need credit

we often see some articles that think that blockchain is to "de credit". In fact, blockchain is to build trust through consensus algorithm and ensure the correctness of transactions through consensus among nodes. Build trust with low cost through mathematics and algorithm, rather than "de credit". However, the digital asset transaction between people does not need two people to know each other, or trust each other, and does not need a third-party credit institution. It only needs everyone to trust the trusted network of blockchain

why is it credible? Because it is a distributed database, there is a set of consensus based mechanism: a set of encryption algorithm, making it tamperable. On the one hand, the public key makes the information transparent and traceable; On the other hand, private key can protect privacy

blockchain is not a mature technology, nor is it omnipotent. At present, blockchain technology is still in the early stage of development. At the beginning of this year, we sent a delegation to study in the blockchain Research Laboratory of Barclays in South Africa. At the seminar, experts on the African blockchain of Barclays believed that it would take at least five to ten years for the blockchain technology to become a truly mature technology. At present, blockchain has the disadvantages of relatively slow computing speed and small storage space, and not all data processing needs to use blockchain

the research and application of blockchain in foreign countries

we find that the old financial developed countries have been ahead in the research of blockchain technology. The British government believes that it is very important for the government to participate in the legislation of digital currency and blockchain network, and encourages in-depth research on blockchain technology. The UK government is actively evaluating the potential of blockchain technology and considering using it to rece financial fraud and cost. In addition, the UK government plans to develop applications that can be used between the government and public institutions

in February this year, the European Commission put crypto digital currency at the top of the fast development target area, which promoted the policy research of various institutions on digital currency. Technology companies are also ahead in the research of blockchain technology

IBM launched the "open ledger project" to develop enterprise level blockchain software structure, promote the commercial use of blockchain technology, and support the docking of external data through the bluemix and API infrastructure of IBM cloud computing platform. IBM still has a lot of practice in blockchain technology. Recently, it and a South Korean company have made creative experiments using blockchain technology and Internet of things, and achieved some results

Microsoft uses Azure Platform to provide users with "blockchain as a service", which enables R3 and its bank members to speed up the process of experiment and learning, and accelerate the development, testing and deployment of distributed accounts

Intel also released sawtoothlake, an efficient molar platform for building, deploying and running distributed ledger; At the same time, Intel also studies to create a trusted execution environment for hardware chips of blockchain applications, providing higher security and privacy< At the same time, Wall Street is taking positive actions. Although it was established relatively late, the core function of R3 is to formulate instry standards for the development of banking blockchain technology, explore practical uses, and establish banking blockchain alliance

from what we know, in addition to these two new companies catering to the arrival of digital finance era, large financial institutions are studying blockchain technology and building their own blockchain concept and technical team

at present, there are practical application cases of blockchain technology

in Canada, blockchain start-up blockchain Tech Ltd has been listed on the growth enterprise market of Toronto Stock Exchange; The Estonian government will launch the government's blockchain healthcare record

domestic attention and Research on blockchain technology

blockchain is an optional technology. Prior to that, the people's Bank of China also held a seminar on digital currency. In addition to the central bank, Zhejiang Province, Beijing and other relevant departments also expressed their support for blockchain application research last year

from the perspective of enterprises, Bubi blockchain has been applied to equity, supply chain, points and other fields, and is concting experiments and application tests with exchanges and banks. Bubi blockchain focuses on the innovation of blockchain technology and procts, has a number of core technologies, and has developed its own blockchain service platform. Moreover, many blockchain innovation and entrepreneurship enterprises continue to emerge

in addition, a number of instry alliances are being established. In terms of financial institutions, the cases of blockchain application by large banks and financial institutions in China still need to be solved
by the end of 2015, Bank of America had obtained 15 patents on blockchain. There may be a gap of about a year and a half between China and the United States in blockchain technology
the application of blockchain finance is entering a new stage in an all-round way, various applications will be more and more in-depth, and the relevant changes will be more and more attention, and a great new trend will be formed.

7.

What is the difference between Australian austrac license and American MSB and Japanese FSA:

1. in terms of cost, American MSB, Australian austrac license, Japanese FSA

2. The regulatory scope of the three licenses is different





austrac is the financial regulatory agency of Australia, responsible for preventing and detecting money laundering and terrorist financing. The federal government enhances the compliance of reporting entities with AML / CTF laws and regulations by expanding the powers and functions of the CEO of Australia Group

austrac regulatory license conditions:


1. Digital currency dealers in Australia must handle austrac and provide all business details. If the company providing digital currency transactions does not apply for austrac's license, it may result in two years' imprisonment, a fine of aud105000, or both

Establish and maintain AML / CTF plan to identify, mitigate and manage the money laundering and terrorist financing risks they may encounter. At least two responsible persons shall be appointed, at least one of whom must be a director of the company and at least one of whom shall be a compliance officer

3. Identify and verify the customer's identity

4. Report suspicious activities and transactions involving legal currency, exceeding aud10000 or more (or equivalent) to austrac

5. Keep special records of transactions, customer identification and AML / CTF projects for 7 years

to apply for Australian austrac license, you need to register a European company first, and then apply for the license. Generally, you will choose a reliable agent company to provide the director information and the name of Australian company



blockchain exchange project compliance: subject company + digital currency trading license:


1. At present, the compliance mode of the exchange, we can apply for a license alone, when applying for a license, we usually register a local ordinary company as a regulatory condition to apply for a license, this ordinary company can be used as the subject company of the exchange. At present, when dealing with the compliance license of the exchange, such as the US MSB license, Estonian MTR and wallet al license, Canadian MSB license, Singapore MAS license and Australian license are all very good. They are also several licenses that the exchange often does. High cost performance, such as hotcoin, bittrer, poloniex, coinbase, and okex, these exchanges have obtained the US MSB license

2. The exchange is compliant. First, it should be a Singapore foundation as the main company, and then apply for the digital currency license

the main company of the Singapore foundation can also be used as the platform currency issued by the exchange in the later stage

at present, the compliance of blockchain projects generally refers to non-profit foundations, legal opinions and exchange licenses, and the specific development direction of the project itself

8. With the digital asset trading more and more standardized, the relevant qualification application has become essential
license requirements will apply AML / CTF rules to enterprises trading digital currency (such as bitcoin exchange). More specifically, digital currency dealers will be required to:
1. Digital currency dealers in Australia must handle austrac and provide all business details. If the company providing digital currency transactions does not apply for austrac's license, it may result in two years' imprisonment, a fine of aud105000, or both
2. Establish and maintain AML / CTF programs to identify, mitigate and manage the money laundering and terrorist financing risks they may encounter
3. Identify and verify the customer's identity
4. Report suspicious activities and transactions involving legal currency, exceeding aud10000 or more (or equivalent) to austrac
5. Maintain special records on transactions, customer identification and AML / CTF projects for 7 years
the trading platform has complete qualifications, and natural users and investment talents can rest assured. Therefore, legal qualifications have become the focus of attention in terms of law, publicity and promotion. Even it is normal for the platform to apply for trading licenses in multiple countries. Let me briefly introce the application requirements and process of Australian licenses
to apply for Australian austrac license, you must own an Australian company to apply for registration<

to register an Australian company, the following conditions are required:
1. There are three names (in English) of the Australian company to be registered, two of which are optional, and the names end with Pty Ltd or Pty Limited
2. The registered address, telephone number, fax number and email address of the company in Australia. If the address is leased, the name of the lessee should be provided to confirm that the Lessee agrees to use the address as the registered address of the company
3. The business nature and business direction of the company in Australia
4. There should be at least one director of an Australian company, one of whom must be an Australian resident. Personal information should be provided: date of birth, place of birth, current address, contact information including telephone number and e-mail address. UCG priority note can provide clients with employment services of local directors in Australia
5. There should be at least one shareholder in an Australian company. There is no nationality restriction. The shareholders and directors can be the same person. Personal information: date of birth, place of birth, current address, contact information including telephone number and email address
6. Personal information of the director in charge of company registration (date of birth, place of birth, current address, contact information including telephone number and e-mail address)
7. Detailed distribution of shares of directors or shareholders of Australian companies. The default number of shares is 100, and the share price is set at a $1 per share
license application
1
2. Write the business plan and operation plan of digital currency dealers
3. Prepare and write application materials
4. Write anti money laundering regulations and anti terrorist organization financing regulations, as well as the daily operation plan of the regulations
5. Submit license applications to austrac and ASIC in Australia
in general, Australia's austrac digital currency license has the same cost performance as the US MSB, and is highly recognized in the currency circle.

9. I would also like to know about your question. I'm interested in it

10. Australia leads the blockchain revolution

masters believes that Australia will become one of the leaders in the distributed ledger ecosystem because of blockchain innovations such as the ASX platform. AFR reported that for masters and many investors, the significance of this emerging technology is very significant. "It's probably the most important idea I've come across in 30 years," she explained

Masters said that ASX platform is likely to become "the first successful blockchain project in the world". In Masters' view, one of the most advantageous aspects of blockchain technology is that it can rece the transaction costs of billions of dollars in the equity trading market. With the blockchain protocol processor, exchanges can become more effective

"for the (Securities) instry, blockchain technology meets its great demand", masters asserts, "enterprises are under great pressure. They want to rethink their business model fundamentally. What we are talking about is not cost saving of 5%, 10% and 15%, but cost saving of 50%, 60% and 70%

in addition, the Bank of Australia is also keen on the potential of blockchain in terms of cost saving and security. Annabel spring, head of the Federal Bank of Australia Group, told the public: "when we explore the possibility of blockchain, it can transform our operating costs and its security. In the long run, it can make the huge background reconciliation process of securities trading more economical, which is a great opportunity for us," she said< Earlier this week, the Australian government proposed regulatory and tax policies for financial technology. In its report, the Australian government takes "Australia's financial technology priority" as the title. It will work with the whole blockchain instry to improve the GST law to apply to digital currency

at the forum, spring pointed out that common standards will be the key challenge for blockchain technology, but financial institutions and governments can overcome these difficulties“ People will work together to develop these open source standards, so all financial institutions and governments can use the same standards to communicate with each other, "she said in a group statement.