This week, the positive trend of blockchain and digital currency related policies is obvious.
In foreign countries, there is mostly good news. South Korean lawmakers introduced a bill to facilitate cryptocurrency trading; Japan's National Tax Agency ruled that virtual currencies obtained through hard forks are not taxed until they are traded; French regulators criticized tobacco manufacturers' bitcoin plans.
Currency market
Currency market
Bitcoin BTC reported at $4115, a change of -4.85%% within 7 days;
Ripple XRP was quoted at $0.36216, with a change of -11.96% within 7 days;
Ethereum ETH reported at $115.02, a change of -7.07% within 7 days;
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1. Good newsInvsting.comChinese website
Focus this week
International section
1. Good news
South Korean Lawmakers Introduce Bill to Boost Crypto Trading
South Korean lawmaker Kim Sun-dong has proposed a bill to promote the development of cryptocurrency trading and crypto exchanges. In addition to requirements such as capital, manpower and internal systems, the bill proposes the creation of a committee to promote and support crypto transactions. Kim said the Digital Asset Transaction Promotion Act includes a comprehensive plan to develop guidelines for promoting cryptocurrency exchanges and blockchain technology, tax reductions and exemptions, prevention of hacking attacks, and prevention of market disruption.
The Japan Financial Services Agency held the 10th seminar on cryptocurrency exchanges today. At the meeting, it was proposed that the basic idea of ICO financial supervision: based on the existence of many fraud cases, while properly seeking self-responsibility, certain regulations should be established to protect users and ensure Appropriate transactions, not a ban on ICOs. Negotiable securities that have common characteristics such as high circulation and information asymmetry with ICO tokens can be used as regulatory references.
French Regulator Criticizes Tobacco Maker's Bitcoin Plan
The French regulator AMF stated that the French financial technology company Keplerk is not regulated, and its product is not suitable for retail investors because it sells cryptocurrencies through tobacco dealers.
2. Steady progress
2. Steady progress
South Korea Develops Blockchain Voting System
South Korea's Ministry of Science and ICT will develop a blockchain voting system that will be trialed in the private sector in December. The newly developed system will apply blockchain in voter authentication and result preservation, which will improve transparency and security, the government said.
Venezuelan President: Beachgoers Can Pay Bills in Cryptocurrencies
3. Regulatory upgrade
3. Regulatory upgrade
Malaysian Finance Minister Lim Guan Eng said that the introduction of cryptocurrencies must be approved by Bank Negara (Bank Negara) because they have the final decision. "The government will not obstruct, but must play by the rules," he told parliament.
Thailand's SEC Warns 14 Unauthorized Cryptocurrency Operators
1. Good news
Domestic sector
1. Good news
China Blockchain Technology Application Anti-Fraud Center Formally Established
Tang Qihang, director of the Blockchain Technology Application Development Working Committee of the China Electronic Commerce Association, posted a Weibo article saying that today, the China Electronic Commerce Association, the Blockchain Technology Application Development Working Committee and the Xi'an Municipal Public Security Bureau jointly established the "China Blockchain Technology Application Anti-Fraud" Next, it will crack down heavily on illegal activities such as pyramid schemes, forked coins, counterfeit coins, capital disks, telecom fraud, self-media writing fraudulent fraud, and new types of cybercrime issued under the cloak of blockchain.
Hangzhou Yuhang Innovation Park officially opened, including a blockchain incubator
Yesterday, six innovative parks, including the innovative industry blockchain incubator in the Yuhang Economic and Technological Development Zone in the eastern part of Yuhang District, Hangzhou, and Innorun Bay Innovation Space, officially opened. These parks focus on the vertical field incubation space of subdivided industries, covering blockchain technology, medical equipment, artificial intelligence industry and other fields
Wenzhou Establishes Blockchain Research Center
2. Regulatory upgrade
2. Regulatory upgrade
Economic Information Daily: Blockchain and other financial technology supervision will be upgraded
A number of regulators have recently voiced their voices one after another, releasing signals to the market that fintech regulation will be upgraded. On the one hand, technological means will be more used in supervision. On the other hand, the supervision of the financial business of large technology companies will be stricter and will be intervened in real time. According to industry insiders, financial technology has become a key area of financial resources layout. The application of blockchain, cloud computing, big data, artificial intelligence and other technologies has brought new opportunities for financial innovation and development, but the distortion of some new technologies and the high risk of large technology companies have also brought huge risks to financial security. challenge. Fintech regulation needs to balance the relationship between innovation and risk prevention.
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