The people's Bank of China held a video conference on the work of the second half of 2020 to summarize the work of the first half of the year, analyze the economic and financial situation, and make arrangements for the key work in the second half of 2020. The meeting pointed out that the pilot project of legal digital currency was successfully launchecreating digital currencyd. In the second half of 2020, anti money laundering supervision, investigation, monitoring and analysis will be effectively carried out in accordance with the law. We will accelerate the improvement of the regulatory framework for financial technology. Actively and steadily promote the development of legal digital currency. We will speed up the establishment of a transaction reporting system covering the whole market and a total transaction reporting database.
People's daily wrote "global central bank digital currency R & D is on the fast track". Novel coronavirus pneumonia epidemic prevention and control period, the trend of cashless payment accelerated, multinational accelerated the development and testing of the central bank digital currency. In the future, digital currency will profoundly change the financial infrastructure and people's daily life. The digital currency of the central bank also brings challenges to traditional banks and other financial institutions. Huang Yiping, vice president of the National Development Research Institute of the University and director of the digital Finance Research Center, said that in the single layer operation mode, the central bank directly issues digital currency to the public, and the intermediary function of commercial banks will be significantly weakened, and they will face the risk of structural disintermediation. The double-layer operation mode of digital RMB can fully mobilize the enthusiasm and creativity of all parties in the market and maintain the stability of the financial system. In the next five years, digital money will profoundly change our financial infrastructure, according to several analysts at Boston Consulting.
It is in a leading position in the field of virtual currency. Since its establishment in 2013, firecoin group has successively obtained investment from Zhenge fund and Sequoia Capital, with accumulated transaction volume exceeding 1.2 trillion US dollars, once becoming the world's largest digital asset trading platform, accounting for 50% of global digital asset trading share. At present, firecoin group has invested in more than 60 upstream and downstream enterprises, and has completed the establishment of compliance service teams in Singapore, Japan, South Korea, Britain, Australia, Canada, Brazil, Hong Kong and other countries and regions, providing safe and reliable digital asset trading and asset management services for millions of users in more than 130 countries. Huobi Huobi Huobi Huobi Huobi Huobi Huobi Huobi Huobi Huobi Huobi Huobi creating digital currencyHuobi Huobi Huobi Huobi Huobi Huobi Huobi Huobi Huobi Huobi Huobi Huobi Huobi Huobi Huobi Huobi Huobi Huobi see more Group founder Li Lin at the Hainan free trade port digital economy and blockchain International Cooperation Forum said that Huo coin will release the upgraded version of Huo coin cloud solution, Huo coin cloud 2 0 will provide blockchain based digital currency issuance and payment, digital asset financial market overall solution.
Its original share will be shared by other continuing participants. The Marshall Islands sovereign currency (SOV), known as the world's first national digital currency, will be built using algorand technology, Lianwen reported yesterday, adding that SOV will circulate with the US dollar in the country to help Marshall Islands operate efficiently in the global economy.
Bitcoin btcbitcoin view more futures contracts to invest in, but only invest in CME's cash settled bitcoin futures, not directly in bitcoin. In January, WisdomTree, an asset management company with $63.8 billion in assets, plans to launch a regulated cryptocurrency in the United States in an attempt to surpass industry giants BlackRock and fidelity in the field of digital assets, according to financial news. The company plans to launch what the cryptocurrency industry calls stable currency, a digital currency that anchorcreating digital currencys a basket of assets, such as gold, fiat money or government bonds.
Sbiholding, a Japanese financial giant, announced that it has built scoin platform through corda blockchain platform of R3 company, and started to conduct demonstration test on it since July. The platform can issue digital currency according to design requirements. In this demonstration experiment, SBI holdings also plans to issue a payment currency, scoin, on the scoin platform. In addition, in this experiment, sbiholding has also established a mechanism that can combine the scoin platform with the remittance application of moneytap, a subsidiary of sbiholding.
According to tokengazer data analysis, as of 0:00 on May 7, Ethereum's open distributed blockchain application platform provides decentralized virtual machines to handle point-to-point contracts through its exclusive cryptocurrency ether ether. Allow anyone to build and use decentralized applications running through blockchain technology without any fraud, censorship, orcreating digital currency third-party supervision.