Singapore and central bank digital currency cooperation
It's not true
the central bank indicated that it has not issued legal digital currency, nor authorized any institutions and enterprises to issue legal digital currency, and there is no promotion team. The so-called digital currency in the market is not legal digital currency
in addition, the so-called digital currency launched by some institutions and enterprises and the so-called promotion of the central bank's issuance of digital currency may involve pyramid selling and fraud. The general public should raise their risk awareness, invest rationally and prudently, and prevent the interests from being damaged. The legal currency of our country is RMB. RMB shall be uniformly printed and issued by the people's Bank of China
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precautions:
in the whole process of digital currency promotion, we should pay attention to the overall financial stability, guard against risks, and protect consumers, especially in large economies, to prevent big losses. We should test step by step to promote it. We should grasp the direction, and emphasize financial services for the real economy, Prevent excessive speculation
digital money does not need to bind any bank account when it is paid. Unlike WeChat and Alipay, it needs to bind the bank card. DCEP does not need to bind the bank account. Unless it is necessary to charge DCEP or to withdraw money from DCEP, it is unnecessary to transfer account between users and users. p>
Fake
in 2017, the Internet Finance Association of Jiangsu Province issued the "internet pyramid selling identification guide", which named 26 so-called digital currencies as illegal pyramid selling projects covered or suspected to be covered with digital currency
they are: treasure money, Baichuan money, SMI, MBI, mark money, dark money, mmm, Fuda compound wealth management, carat money, V treasure, Vicat money, petroleum money, Huaqiang money, CB aiib Hong Kong Group, Yuansheng, Morgan money, beta money, WorldCom, u money, Jubao, 21st century jifox, Wanxi wealth management, Wanfu money, Wuxing money, Yi money, Zhonghua money, etc
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digital money pyramid selling generally has three characteristics:
1. It is a real proct digital money, and it is highly packaged
2. Participants can get a head pulling reward, and the prize is the digital currency itself
The reason is that digital currency will appreciate with the increase of participants in the scam. In the cycle of digital currency appreciation, the number of participants who can obtain digital currency will also increase, and the participants including the lowest level participants will also gain, but when they enter the cycle of devaluation, the bottom level participants often lose a lotthe "trading market" of MLM digital currency is basically controlled by specific institutions. In the early stage, in order to attract investors to invest, the currency price may be very high. Once the time is ripe, it will be sold intensively, and the price will plummet, and the investors will lose all their money
Singapore regards the development of blockchain technology as the top priority of the country. According to the law, "public guarantee company limited" is established for non-profit purposes, and its members are responsible for contributing assets to the company. It can be seen that ICO foundation is supported by policies in Singapore. Singapore is the center of Asian blockchain, the most popular settlement area, and the government has a clear regulatory attitude towards ICO Close to China, open and friendly policy, shape corporate public image, provide financial support for enterprises, reasonable tax avoidance
1. Provide at least three members, including ZhuoZhi, director of Singapore, and the other two members provided by customers themselves
2. Company name, in all capitals, ending with Foundation Ltd.
3. Registered address: provided by ZhuoZhi
4. Registration time: 10-25 working days
Singapore: the digital currency exchange needs to apply for a license to operate in compliance with the regulations.
according to bplus Singapore news, on January 14, the payment services bill passed through the Singapore Parliament and has been formally enacted. Souwei can develop Singapore blockchain digital currency exchange xrv522 , Singapore's minister of ecation ong Ye Kung said on behalf of the Singapore Monetary Authority (MAS), MAS will consult relevant instries in the near future, and formally introce the implementation measures and exemption provisions of the bill. This bill will directly affect many digital currency exchanges, wallets and OTC platforms in the Singapore market, and will comprehensively supervise the related businesses from the aspects of risk control and compliance