Japan digital currency report

1. In 2017, the financial department of Japan officially issued the digital currency exchange operation license to the first batch of applicants. Japan has established regulations on the supervision of digital currency dealers, and has made clear the operational guidelines for digital currency dealers
the FSA said that it would put Japan's digital currency exchange under a comprehensive regulatory framework, including monitoring the internal system of the exchange, checking the customer asset protection mechanism, and possible on-site inspection. At the same time, the FSA requires digital currency exchanges including bitcoin to implement a more stringent KYC policy than at present. Exchanges must begin to verify the identity of account users, keep transaction records, and report suspicious transactions to regulators
the conditions for the registration and establishment of Japanese digital currency dealers:
the establishment of a Japanese corporate company
leasing Japanese office
three Japanese employees are employed, one of whom is a director of a Japanese company
Japanese companies open bank to company accounts
there is a normal trading system (Japanese version is not required)
provide KYC information (specifically prepare the government information list)
the services include company registration before obtaining the license, assistance in leasing office space, assistance in recruitment of company employees, preparation of audit reports in cooperation with accounting firms, AML and KYC reports, business plans, all compliance documents to be submitted to FSA prepared with Japanese law firms, and answering all questions raised by FSA
in the process of obtaining a digital currency dealer license and in the process of future operation, traders must employ at least three employees, at least one of whom has a digital currency or bitcoin background or financial background
follow up maintenance: first, ensure the normal operation of the Japanese office and the daily work system of employees. Annual financial and audit reports should be submitted to the financial department of Japan every year. The contents of the reports are large, including the transaction details of virtual currency, the number of customers, the number of traders, the handling fees, the amount of customers' funds, etc. After obtaining the license, all the operation related expenses need to be paid by the dealer.

2. China's digital currency is relatively safe because it is promoted at the national level. According to Li Lihui, head of the blockchain working group of China Internet Finance Association and former president of Bank of China, our country has the largest population in the world, so the scale of our payment market is also the largest in the world. When we issue China's legal digital currency in such a market, we must ensure the reliability and security of digital currency tools in such a high concurrency market. The security of other areas is not necessarily, even if there are audit reports
hope to help you.

3.

At the G20 meeting, different countries held different views on digital currency, some strongly resisted it, and some actively supervised it. Now let's take a look at the attitudes of the G20 countries towards digital currency

In a statement, the Canadian Securities Regulatory Agency (CSA) said that considering the whole process of ICO issuance, many ICO tokens meet the definition of securities and require them to comply with the securities law. In addition, the CSA noted that ICOS may also be derivatives, subject to derivatives laws passed by Canadian securities regulators, including trade reporting rules. Regulators said they welcome companies that are about to conct ICO to enter the "regulatory sandbox" to test new financial procts in a limited environment

India

the securities and Exchange Commission of India is planning guidelines for the regulation of the bitcoin market in India. In addition, the securities and Exchange Commission of India set up a financial regulatory commission and held meetings with Reserve Bank of India (RBI) officials. The SEC also plans to regulate whether bitcoin derivatives and other cryptocurrencies are used to raise funds illegally

4. Unreliable. When issuing an cryptocurrency, please think about it. Does it really need blockchain technology? If it doesn't have to be based on blockchain, it's a gimmick or a trick to cheat money

5. Two people try to think about the virtual currency and digital currency in the report, because it's all clear. Thank you for writing the summary

6. AMEX is a national stock exchange or American stock exchange with mature and standardized operation and outstanding stock and derivative securities trading
the listing conditions are lower than that of the New York Stock Exchange, but it has a history of more than 100 years
If a company wants to be listed on the US stock exchange, it needs to meet the following conditions:
(1) at least 500000 shares should be owned by the public on the market
(2) the market value should be at least US $3000000
(3) there should be at least 800 shareholders (each shareholder should own more than 100 shares)
(4) a minimum of $750000 in pre tax income is required for the previous fiscal year.

7. Using the impulse theorem to get the kinetic energy theorem in the process of free fall, we can get the velocity V at the moment of landing, and then use the impulse theorem ft = MV

so if we need to get the impact force, we need a contact time, estimate one, and then get the impact force
you can't get the impact force under the given conditions, So we can't work out the specific value.

8. It is not sure that ripple was born in March 2013. From the beginning of its design, ripple has been incompatible with the blockchain camp led by bitcoin, because ripple is a worldwide payment network based on blockchain, through which you can transfer any currency, including US dollar, euro, RMB, Japanese yen or bitcoin. Generally speaking, Ruibo has the following three characteristics:

1. Without mining, it directly defines the issue of 100 billion xrps as the transaction cost of the payment network and the exchange standard currency

2. It is a gateway system, which can issue digital assets directly through the gateway system

3. The consensus mechanism is adopted. The accounting speed is much faster than that of bitcoin and Ethereum. The account can be transferred in 3-5 seconds.

9. Yen is the safest safe haven currency in the world. It is a freely convertible capitalist country. A digital currency can't do anything to Japan. On the contrary, there can't be any digital currency in China. If digital currency is connected with other countries in the world and empties domestic foreign exchange reserves minute by minute, the crime rate of the United States is high, and many people launder money through digital currency, so they don't support digital currency very much,

10. At present, there are 11 digital currency exchanges in Japan, and another 17 are under review
Japan has developed into the largest bitcoin trading market this year, and about 50% of bitcoin transactions are concted through bitcoin / yen.