Ma Yun's digital currency in Singapore
Ant technology is almost zero cost financing, through various forms of packaging debt, repeated borrowing, and then irresponsibly lend money to young people who have no ability to repay. This is basically bringing the crazy financial crisis of Wall Street in 2008 to China. The real capital market is changeable and more cruel than you think
ant technology's blood sucking through online loans has been picked out by many people. Zhou Xiaochuan, former governor of the Central Bank of China, also said at the Boao Forum of Asia recently that Internet technology giants controlled a large amount of data and market share, formed a monopoly and hindered fair competition, which led to the decline of Alibaba's share price
if Google can freely use users' personal information in financial business, it can also become the largest lending institution in the world. Google doesn't do it because American businessmen are particularly kind, but American policies don't allow it at all
as vice minister of Finance Zhou Jiayi said at the Bund financial conference, science and technology has not changed the nature of relying on credit to use leverage, supported the development of financial technology, insisted on the improvement of science and technology, prevented financial technology from incing excessive financial consumption, and encouraged the winner take all monopoly
now that the digital currency DCEP of "central dad" is on the way, can ma Yun's wishful thinking work well in the future? Let's wait and see< br />
Ma Yun said, "I'm not very interested in bitcoin. What I want to know is what can bitcoin bring to the society? But then again, I think bitcoin technology is very powerful, so in Alibaba, Alipay, we are trying to make sure that we will push the world into a cashless society. "
Ma Yun also added that we should be very careful with bitcoin. I don't know much about bitcoin, and I'm always curious. You are bitcoin lovers. I don't think bitcoin is indispensable. "
as for DGC, it's better to stay away from it. It may be a pyramid scheme. It's suggested to pay attention to reliable digital currencies such as bitcoin, bitcoin cash and wikilink.
today's digital currencies, such as bitcoin, lightcoin and ppcoin, are electronic currencies created, issued and circulated by check sum cryptography. It is characterized by the use of P2P peer-to-peer network technology to issue, manage and circulate currency. In theory, it avoids bureaucratic examination and approval, so that everyone has the right to issue currency.
however, the trend of digital currency is still unstoppable, and the Central Bank of China has begun to study digital currency. Bitcoin, Ruitai coin and Laite coin are still difficult to become a globally accepted digital currency, and can only be a small-scale thing.
As the activity center of Asian blockchain trade, Singapore has become the third largest country of ICO projects in the world. Singapore's policy and attitude towards ICO: in the environment that many countries around the world have not yet made clear their supervision of blockchain and cryptocurrency, and the central bank has once again issued a voice that is still strictly prohibited, Singapore seems to be a hot spot for the development of blockchain. As the most digital currency friendly country in Asia and the third country in the world in ic0 financing, The Singapore government supports the blockchain technology behind the token and its development potential, but does not support it as a circulating currency or an investment asset at present
MAS in Singapore has been paying close attention to local financial technology including blockchain and token, and has continuously issued various regulatory measures and risk warnings to investors. At present, MAS has issued two new laws, which include both non security and security token into the regulatory framework. First, the regulatory framework will include the securities cryptocurrency trading platform into its regulatory framework to cater for the emergence of a new trading platform business model; The second is the "Payment Services Act", which will bring other non securities cryptocurrency trading platforms into its regulatory scope and require the platforms to take preventive measures against KYC, AML and CFT
ways of ICO project compliance:
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the advantages of the registered entity [Singapore foundation] are: (1) the foundation has no shares or shareholders, so it can't pay dividends. Therefore, the funds raised by the blockchain are managed by the foundation and will be used for the project completely, and will not be shared by members 2) The foundation has a tax exemption policy. As long as there is no cash or surplus at the end of the year, there is no need to pay tax. It's a zero tax return. Therefore, the Singapore foundation is the preferred entity to issue tokens for financing. It is also an organization with credibility in the world. The supporting legal documents issued by Singapore lawyers guarantee the non securities nature of the token issued by the project, and file the project with the government in the name of lawyers
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legal compliance: the supporting legal documents issued by Singapore lawyers guarantee the non securities nature of the token issued by the project (audit white paper), and file the project with the government in the name of lawyers. 3. Operation and audit implementation of the foundation