The impact of blockchain on China

1.

As of May 2020, blockchain and digital currency are illegal in China

according to the announcement of the people's Bank of China Central Network Information Office, Ministry of instry and information technology, State Administration for Instry and commerce, China Banking Regulatory Commission, China Securities Regulatory Commission and China Insurance Regulatory Commission on preventing the risks of token issuance and financing, Article 2 no organization or indivial shall illegally engage in token issuance and financing activities. Organizations and indivials that have completed the token issuance and financing should make arrangements such as refund, reasonably protect the rights and interests of investors, and properly handle risks. Relevant departments will seriously investigate and deal with the activities of token issuance and financing that refuse to stop and the illegal behaviors in completed token issuance and financing projects

Article 3 strengthen the management of token financing trading platform

from the date of this announcement, any so-called token financing trading platform shall not engage in the exchange business between legal currency and token and "virtual currency", and shall not buy or sell token or "virtual currency" as a central counter party, and shall not provide pricing for token or "virtual currency" Information intermediary and other services

extension data

"illegal financial institutions and illegal financial business activities ban" stipulates that:

eleventh, the criminal suspect, funds and property involved in illegal financial institutions and illegal financial activities, and the public security organs shall take compulsory measures according to law to prevent suspect from escaping and transferring funds and property. p>

Article 12 the people's Bank of China shall, after investigation and confirmation, make a decision to ban the illegal financial institutions and financial business activities, declare them illegal, order them to stop all business activities, and make an announcement

Article 13 if the people's Bank of China discovers that a financial institution opens an account, handles settlement and provides loans for an illegal financial institution or illegal financial business activities, it shall order the financial institution to stop the relevant business activities immediately. No unit or indivial may use the relevant funds without authorization

2. Now it has entered the era of digital currency. In recent years, digital currency is very popular. For example, blockchain is the focus of people's attention. Now more and more people begin to pay attention to blockchain. Many people are concerned about blockchain's entry into China's market. Domestic policies have not explained blockchain in detail. Many people are worried about whether blockchain is legal? Is blockchain legal in China? Xiaobian, let's explain the blockchain in detail

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.

3. First, blockchain standardization, the formation of a standard system to solve all aspects of the problem, including international standards, national standards, instry standards, standards to be developed

secondly, test verification includes test cases, test plans, test tools and test environment. According to GB / T 25000.10 -, 4.3.1 proct quality model and blockchain reference architecture

Third, promote the standard application demonstration. It can be divided into three stages. Firstly, it needs to go through the research stage, including the preparation of the white paper, the formation of the draft and the establishment of the standards working group at the end of 2016. In order to promote the development of blockchain technology, the focus of the next stage is to find real application cases in various instries (financial services, supply chain management, entertainment, etc.) and create typical cases. Li Ming said that this will be carried out graally in the second half of this year

Fourth, build open source community, including open source official website, instry alliance, training and certification, summit and hacker marathon, technical committee, communication tools, etc. The goal is to form an independent, safe and controllable general technology solution for blockchain, to track and study the development trend of foreign blockchain open source, to explore the possibility of domestic technology open source, and to form an open source solution suitable for China

4. It's not that there's no fire, it's that ordinary people don't know much about blockchain technology, and blockchain technology is not without fire. Take chestnut as an example, the first project launched by blockchain start-up company Abbott Financial Technology Co., Ltd. is concentric mutual aid. The goal is to continuously promote the application and development of blockchain technology in China from the perspective of network mutual aid. As the first real blockchain landing application in China, concentric mutual aid combines open source code with practical application, and realizes the deep matching between blockchain technology and network mutual aid
compared with developed countries, China's insurance instry has developed for a short time, and the coverage rate of indemnificatory business, especially insurance types such as accident, serious illness, fixed life insurance and family property, is low, which makes it difficult for low indemnificatory and special groups to seek risk protection procts. In this reality, as a supplement of social security and commercial insurance, network mutual assistance can provide a group heating option for the low security group, which has a positive insurance inclusive effect. Yang Yong said, "blockchain technology can be applied to all aspects of social innovation. Our vision is to provide low-cost and adequate personal and property protection for the people who need protection most in China, so that insurance can benefit the public. After that, we are willing to open up this technical solution, so that more fields can benefit from the popularization of blockchain technology. "

5. Blockchain technology is a new development of Internet technology and modern information technology. It plays an important role in China's real economy and supply side structural reform. Promote the R & D and application of blockchain technology, deeply integrate with the real economy, and create an advanced manufacturing instry. It can realize the high-quality development of China's economy and is an important driving force for the construction of a modern economic system.

6. If we look at the current poverty situation in Africa, I'm afraid it will be a long time
let's see what others say.

7. The application and promotion of blockchain plays a supporting and promoting role for the national entity instry. Blockchain is widely used in medical, retail and other service instries. From then on, the files of customers do not need to be transmitted and archived repeatedly, which provides a lot of convenience for the real instry.

8. You need it. I know it