Editor | Hao Fangzhou
Editor | Hao Fangzhou
Produced by Odaily Research Institute
The blockchain has gone through 2019 in the heat and noise.
This "young" technology, which is still in its infancy, is trotted towards the second "decade" by its own financial attributes and crazy speculators, and is also driven by rational investors and the following Regulators continue to squeeze the bubble.
Whether you can call yourself an industry or an industry, in addition to the total capital scale, the continuity of each business link, the perfection of infrastructure and landing projects, and the integration with other industries, the blockchain also needs to listen to what the regulators say .
In October 2019, my country promoted the blockchain as an "important breakthrough for independent innovation of core technologies", with unprecedented attention. Local governments have issued a number of programmatic documents to support its innovation and layout. In addition, Huang Qifan, vice chairman of the China Center for International Economic Exchanges, announced: "The People's Bank of China is likely to be the first central bank in the world to launch a digital currency." Whether it is technical or financial applications, official institutions have shown a comprehensive takeover and lead the world ambition.
For the supervision of other digital currency-related activities, domestic policies have become stricter. Financial regulators in Beijing, Shanghai, Shenzhen and other places have launched investigations into illegal activities of virtual digital currencies, and initial results have been achieved.
Looking at overseas mainstream markets, the US SEC has not yet approved the application for Bitcoin ETF, but it is the first to release Bakkt. Bakkt, as the first "compliant exchange" for bitcoin futures with physical delivery, paved the way for the next stage of mainstream digital currency derivatives.
The update on the exemption from registration of securities products in the U.S. Securities Act, as well as the protracted battle between the Token Classification Act and EOS and TON, have attracted much attention and will continue to affect the future development of the industry.
In short, blockchain, coming of age, is no longer an unfettered child. How to balance social supervision and technological innovation, so that "chain" and "coin" develop in an orderly manner, has also become a topic explored by governments around the world.
As we begin 2020, we areWorld Map of Regulatory Policies Related to Digital Currencies (October 2018 Edition)on the basis ofUpdated the regulatory attitudes of major countries to cryptocurrencies, exchanges, and ICOs, sorted out the policy details of cryptocurrencies and blockchain regulation or support in various countries since October 2019, and summarized the progress of central bank digital currenciesAsia
Asia
Europe
Europe
Cryptocurrency and exchange regulations in the EU are determined by individual member states.
Switzerland is one of the most open regions in Europe for cryptocurrencies and exchanges. In 2016, the city of Zug, known as the "Crypto Valley", began accepting bitcoin payments.
North America
latin america
latin america
Bolivia: Cryptocurrencies and exchanges banned.
Ecuador: The first country in Latin America to launch its own token; all cryptocurrencies are banned except for the SDE (Sistema de Dinero Electrónico = Electronic Money System) token issued by the government.
Mexico, Argentina, Brazil, Chile: Bitcoin is widely accepted as a payment method.
Venezuela: Cryptocurrencies are widely accepted.
While governments are actively building a regulatory framework for cryptocurrencies, they are also working to launch legal digital currencies.
As can be seen from the chart below, my country is the first country in the world to propose a legal digital currency. Although the official launch time has not been disclosed, the research and development is progressing steadily.
According to the recent speeches of Fan Yifei, deputy governor of my country's central bank, and Mu Changchun, director of the Central Bank's Digital Currency Research Institute, the future development of my country's central bank's digital currency (DC/EP) is mainly positioned in part of M0, and will adopt the "central bank-commercial bank/other operations Institution-currency user" dual-issuance and operation layer system. The central bank's digital currency has not yet preset a technical route, but proposes to meet the minimum requirement of 300,000 transactions per second. In terms of anonymity, the central bank's digital currency achieves controllable anonymity, that is, only discloses transaction data to the central bank.
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