Mu Changchun of the central bank: The digital currency of the People's Bank of China does not have the characteristics of hype; Hebei police confiscated 6,890 bitcoin mining machines

headlines

CCTV: To crack down on new electricity theft crimes, Hebei police confiscated 6,890 bitcoin mining machines

Not long ago, the public security organs in many places across the country, in conjunction with the national power department, continued to carry out special operations against electricity theft crimes, and achieved phased results. The police in Tangshan, Hebei discovered during the operation that borrowing bitcoin mining machines to steal electricity has become a new type of electricity theft crime in recent years. So far, the police in Tangshan, Hebei have seized 52 high-power transformers and confiscated 6,890 bitcoin mining machines. The police said that the crackdown on electricity theft crimes will continue. (CCTV News)

headlines

Mu Changchun of the central bank: The digital currency of the People's Bank of China does not have the characteristics of hype

digital currency

Mu Changchun, director of the Central Bank's Digital Currency Research Institute, said that the digital renminbi developed by the People's Bank of China is not an encrypted asset as everyone understands it, but the digitization of the renminbi. The digital currency of the People's Bank of China does not have the hype characteristics of Bitcoin, nor does it have the requirement of currency basket assets for currency value support like stable coins. He also said that the People's Bank of China's digital renminbi is neither in the form of encrypted assets such as Bitcoin, nor in the form of stablecoins such as Libra. (Shanghai Stock Exchange)

secondary title

Bitwise sends another letter to SEC, says it's committed to creating Bitcoin ETF

Bitwise sends another letter to SEC, says it's committed to creating Bitcoin ETF

Bitcoin still ranks No. 1 against the US dollar in fiat currency transactions, and the Turkish lira has risen to fourth

Bitcoin still ranks No. 1 against the US dollar in fiat currency transactions, and the Turkish lira has risen to fourth

Founder of Spartan Group: BTC Price Expected to Reach $40,000 in 2020

DeFi Pulse data: ETH locked in DeFi has reached 2.931 million pieces, another record high

Blockchain industry

According to DeFi Pulse data, on December 22, the total amount of ETH locked in DeFi applications has reached 2.931 million, a record high. (AMBCrypto)

Blockchain industry

Shandong accelerates the construction of "blockchain + government services"

Chinese Internet giant Alibaba Group has been granted two U.S. patents aimed at making its blockchain network safer and faster. One of the patents aims to reduce the time it takes to verify block data, while another aims to help participants set expiry dates for transactions in a blockchain network. (CoinDesk)

global policy

Shandong is speeding up the construction of "blockchain + government services", actively building a business sharing system based on blockchain technology, and completely breaking through the obstacles of "unable, fast, and poor" approval services. While ensuring data security, blockchain technology speeds up the cross-border sharing of government data and promotes the continuous improvement of approval efficiency. At present, with the support of the "blockchain + government" trusted service platform, Jinan High-tech Zone has fully implemented the "one-window acceptance and integrated service" government service model, and 325 government service items have been handled efficiently. (Qilu.com)

global policy

Character·Voice

U.S. lawmakers urge IRS to clarify tax policy on token airdrops and forks

Eight members of the U.S. House of Representatives have sent a letter to the head of the Internal Revenue Service asking the agency to expand and clarify its tax policies regarding token airdrops and blockchain network forks. The letter also calls on the IRS to investigate the broader ecosystem of crypto-related products and services, including futures, crypto-related retirement accounts and interest-generating crypto deposits, among others. (The Block)
Character·Voice
Chen Yulu, deputy governor of the central bank: Global stablecoins will bring macro policy challenges in four aspects
Chen Yulu, deputy governor of the central bank: Global stablecoins will bring macro policy challenges in four aspects
Chen Yulu, deputy governor of the People's Bank of China, said that more and more central banks and monetary authorities have begun to pay attention to the challenges that stablecoins pose to public policies such as monetary sovereignty, capital control, and payment system supervision.

The second is the impact on financial stability. Stablecoins could weaken the effectiveness of capital controls and affect domestic financial stability.

The third is the impact on monetary policy. Global stablecoins will impact a country's monetary sovereignty.