Singapore's interest in digital currency

1.

If you want to participate in the transaction of digital currency, you must understand the digital currency ecosystem

It can be said that digital currency exchange is the most important part of the whole instry. Digital currency exchange provides investors and traders with the capital channel to buy and sell digital currency. At the same time, the trading activities of the exchange determine the price of many digital assets

according to coinmarketcap, the capital flow of digital currency exchanges is huge, with the average daily trading volume of the top five exchanges exceeding US $3 billion

there are hundreds of digital currency exchanges around the world, some of which operate globally in mainstream markets, while some focus on niche markets

for example, AAX is committed to providing services for digital currency traders and institutional investors, integrating the digital currency world with the global economy, and providing unparalleled first-class technical capabilities using the matchmaking engine supported by lseg technology

many substitutes have successfully occupied a certain market share shortly after their launch. What digital currency exchanges have in common is that they together provide the development soil for these alternative currencies

digital currency is no longer limited to bitcoin. Other digital currency assets, such as eth, XRP, BCH, usdt, LTC, EOS, xtz, etc., have a place in the portfolio and diversification strategies of many digital currency dealers

At present, there are many similarities between digital currency trading and foreign exchange trading, because the basic principles, tools, indicators and strategies used in foreign exchange are also applicable to digital currency trading. AAX College's digital currency trading section discusses these topics in depth and extensively

blockchain protocol

blockchain is the underlying technology that makes digital currency possible. There are many kinds of blockchain protocols, and the technical characteristics, advantages and disadvantages of each protocol are slightly different

for example, bitcoin blockchain relies on mining and pow (proof of work) mechanism to process transactions, while another blockchain may use dpos (proof of entrustment) mechanism instead of mining. In addition to bitcoin blockchain, other noteworthy protocols include eth, hyperledger, EOS, XLM, Iost, kin, TRX and stem. Among these blockchain agreements, ETH (Ethereum) is commendable in promoting the rapid innovation of the entire digital currency ecosystem

Ethereum platform was created by vitalik buterin, which indicates that developers can make better use of the resources of the platform by using their own programming language solidity. Ethereum has made blockchain technology all the rage, creating a new world of innovative decentralized applications on the basis of smart contracts and custom tokens. At present, most of the substitutes are based on Ethereum's erc20 standard

the district centered financial movement, or defi for short, is also basically based on the Ethereum blockchain agreement

financial services

for every service in traditional finance, Ethereum based defi applications have corresponding alternative versions for everyone to access. The defi app allows users to create stable currencies, lend money and earn interest, send and receive payments, get loans, trade, take positions in the forecast market, enter the real estate sector, and so on. Smart contracts are the key to making decentralized services possible. Once certain conditions are met, the smart contract will automatically perform the pre agreed activities

at the same time, traditional finance also began to provide new customized services for the field of digital currency. At present, some fund managers provide investors with the option of adding digital currency into their portfolios, the trustee provides security services for investors who invest a lot of money in digital currency, and many analysts in mainstream media (such as Bloomberg) also have a strong interest in digital currency

digital currency hardware

for those who like to build their own security measures, the huge digital currency hardware market can provide professional traders and long-term holders with the tools they need. Trezor and ledger are the most famous hardware wallets. They essentially provide the same value for digital currency traders, that is, a more secure way to store digital currency

of course, digital currencies stored in hardware wallets cannot be traded in the market. Therefore, digital currency traders usually allocate funds between the hardware wallet and the exchange according to a certain ratio according to their own trading style preference

There are so many activities of

data aggregators and blockchain analysis

cross blockchain, which proces a large amount of data, and also spawns the emergence of sub instries, namely data aggregators and blockchain analysis instries. Companies such as coinmarketcap are the preferred source for quick inspection of digital currency and exchange data. They collect statistics on trading volume, liquidity, market value, price trend, circulation and the whole instry, such as the total amount of money, the number of markets, the market value of the instry and the proportion of BTC market value

people who are more interested in blockchain analysis can find the required data in websites like blocktivity. Here, you can view the relevant data of each indivial blockchain agreement, including the number of operations in the last 24 hours, the average number of operations in the last 7 days, the market value and Cui index, that is, the remaining available capacity after the actual usage of the current blockchain agreement. All in all, these websites can provide valuable insights for the blockchain instry

for example, the average number of operations of Ethereum in the past seven days was 667000, with Cui slightly higher than 50%, while the average number of operations of EOS in the same time range was 63 million, with Cui slightly lower than 50%. Technically, the performance of EOS protocol is more powerful than that of Ethereum. However, this can not prevent Ethereum from occupying 70% of the total market value of the most mainstream currencies

digital currency media and conferences

in today's world, almost everyone is the publisher of content. Without we media instry, such a large-scale instry will no longer exist. Digital currency has given birth to a wide range of media patterns, covering news media, KOL and related conferences for currency, public chain and code

digital currency head media include coindesk, cointegration, bitcoin magazine, decrypt, CCN, bitcoinist, newsbtc, etc. Some KOLs are also well-known, sometimes even more popular than the news media

YouTube celebrities, such as datadash, dollar villante, altcoin buzz, Ivan on tech and boxmining, have subscribers from 200K to 300K. In the field of digital currency trading, the top stars of cryptotwitter include venture coinist, cryptocred and cryptodon alt, with 211k, 140k and 120K fans respectively

if you want to have face-to-face communication with companies and people, digital currency and blockchain meetings should not be missed. Every year, there are many conferences around the world for investors, blockchain experts, start-ups, institutional financing, currency or agreement related communities. In 2019 alone, we sponsored and participated in blockchain live in London, the capital summit hosted by coinmarketcap in Singapore and the world mobile conference in Shanghai. We have had exciting meetings with other digital currency companies and major financial institutions, and established contacts with regulators from different jurisdictions

digital currency supervision

with the continuous growth of the market and audience of digital currency instry, in most cases, financial regulators are still developing relevant frameworks to protect investors and consumers. Regulators may take a very different approach, which is a challenge for companies operating across multiple jurisdictions

ring the ICO boom in 2017 and 2018, many projects were launched before the regulatory framework was established, while some projects did not meet the criteria of the jurisdiction and were suspended ring the fund-raising process. All this comes from how to classify digital assets, and the understanding of classification is constantly changing. At present, we divide digital assets into security token and practical token

in the past year, with the proposal of Libra, the promotion of supervision is also increasing. The central bank is also actively exploring the significance of blockchain technology to its policies and economic activities, and constantly publishing reports

the rapid development of digital money ecosystem

these components of digital money ecosystem are growing and developing in an orderly way, contributing to the increasingly sound instry. From the minority interest in 2009 to the active digital asset economy, digital currency has come a long way

However, in order to achieve the development and wide participation of the instry, a strong ecosystem is not enough. We need a better link between digital money and global finance. The better the combination of digital currency and traditional finance, the easier it will be for newcomers to understand the digital currency ecosystem

for every novice, as exchanges, financial services, media and regulators graally adapt to the expectations of mainstream consumers, the digital currency instry will further develop, which may improve investment outcomes

2. Yes, but you have to register a Singapore company to issue currency in Singapore. We also have to do "compliance", that is, Singapore ICO legal compliance legal opinion. The Singapore foundation is the main choice for most digital currency projects. The requirements of foundation registration for directors and shareholders of the company are loose, and there is no need for foundation registration&# 8204; Guo & Chen 8204&# 8204; It can be a natural person of any nationality. A natural person must be at least 18 years old. In Singapore, we can legally develop the blockchain instry. You can also go to the exchange to issue money.

3. Do you think digital currency is MLM? In fact, we need to make a concrete analysis of this issue. At present, China has not issued legal digital currency, let alone promotion team. The basic routine of this kind of MLM is that in order to attract investors' investment in the early stage, the money price will be very high, and then the money will be sold intensively, the price will drop sharply, and the investors will lose all their money. What's more, when the money is returned, the platform is closed directly and the organizers lose contact. Then they go to other places to pack new concepts and continue to cheat according to similar deception methods. Compared with other pyramid schemes, digital money pyramid schemes generally have the following characteristics: first, there are real procts - digital money, and they are highly packaged; The second is that participants can get a head pulling reward, and the prize is the digital currency itself; Third, the digital currency will appreciate with the increase of the number of participants in the scam, and the number of participants who can obtain digital currency will also increase, including the lowest level participants will also make profits, but once entering the depreciation period, the bottom level participants will lose all their money. In fact, digital currency and MLM are different concepts and cannot be equated. Whether digital currency is pyramid scheme depends on whether it meets the conditions. Strictly speaking, not all digital currencies are pyramid schemes. Bitcoin, for example, is a digital currency, but not a pyramid scheme. Therefore, we must treat problems differently.

4. The Internet of things is the general name of an instry
for example, like the automobile instry,
the rice instry,
there is no way to issue currency
if someone says this is currency,
it can be basically confirmed that it is MLM

5. This post was last edited by vipuser at 19:45, January 5, 2016

according to the survey of relevant institutions, for digital currency:

1. The group most likely to accept digital currency is "millennials", which is roughly 18-34 years old
2. The most likely consumers to use digital currency are the rich
3. In addition, the survey also shows that most of the people who reject or fear digital currency are those with low knowledge level, and the reason for fear is e to the lack of necessary understanding.

6. There are too many people interested in digital currency, otherwise the whole digital currency instry would not be so hot last year

according to news reports, there are about 5 million domestic players and about 50 million global players. Of course, this figure is not accurate, and it is only a result of speculation, which also shows that there are many digital currency players in the world. There are also many digital currencies born since last year, but few of them are really valuable. Quantum chain and Wiki chain are relatively successful projects.

7. The digital currency ecation platform has been closed.

8. The best technology in China is hi coin. Other technologies are not good.

9.

CTO is the chief technology officer (CTO)

The responsibility of CTO is to formulate the vision and strategy of technology, grasp the overall direction of technology, and supervise technology research and development (R & amp; D) And guide and check the technical selection and specific technical problems to complete the technical tasks / projects assigned. The CTO is also the administrator of technology resources

extended data:

there are some differences between domestic and foreign definitions of CTO. The ty of CTO in the United States is to design the technical development direction of procts and services of the company within three years, and seldom participate in the daily management and project management affairs of the technical team. It's basically forward-looking strategic thinking. For example, Sergey Brin of Google has always been keen on the direction of technology, such as driverless cars and artificial intelligence

in China, CTOs mostly focus on R & D management, which is equivalent to the plus version of technical director. It is equivalent to the United States Internet company permanent engineer vice president + CTO work. But the overall level of CTO is lower than that in the United States. Most CTOs lead the technical team to develop various procts, solve technical problems, manage different projects and schele delivery

source of reference: network CTO

10.

CTO is the position to grasp the overall technical direction

the chief technology officer (CTO) is the administrator of technology resources

its responsibilities are to formulate the vision and strategy of technology, grasp the overall direction of technology, supervise the activities of technology research and development, guide and control the technology selection and specific technical problems, and complete the assigned technical tasks / projects

usually only high-tech enterprises, R & D units and proction units can set up CTO positions. This position is a bit similar to the chief engineer, whose work needs to be responsible for the boss of the enterprise

extended materials:

domestic CTOs pay more attention to R & D management. CTOs should be responsible for managing all resources related to development and completing projects on time. On the other hand, it is similar to the role of chief engineer

as an authority in technology, we should make some research and Discussion on the company's next technological development direction, make judgments and help the CEO make decisions

domestic companies are still exploring the scope of CTO's responsibilities. The responsibilities of this position are closely related to the company's current needs and staffing. For small and medium-sized companies, CTO's job requirements are also vague. At present, this situation is more common in China