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Reuters: Director of the Central Bank's Monetary Policy Department says the digital yuan is planned to be used in the 2022 Beijing Winter Olympics

Reuters: Director of the Central Bank's Monetary Policy Department says the digital yuan is planned to be used in the 2022 Beijing Winter Olympics

digital currency

According to Reuters, Sun Guofeng, director of the PBOC’s monetary policy department, said the PBOC has no timetable for launching the digital yuan. According to its statement, internal closed testing of the digital yuan is underway in Shenzhen, Suzhou, Xiongan and Chengdu, and it is planned to be used at the 2022 Beijing Winter Olympics.

digital currency
Data: Aave's total lock-up value ranks first, reaching 1.46 billion US dollars

DeFi Pulse data shows that the total locked value of the DeFi lending agreement Aave has reached 1.46 billion US dollars, currently ranking first among all DeFi projects, accounting for 21.02%, while Maker ranks second with 1.44 billion US dollars.

According to previous news, Aave's UK business entity Aave Limited has obtained the Electronic Money Institution license (Electronic Money Institution license) granted by the UK Financial Conduct Authority (FCA) on July 7. The license allows Aave to provide services such as issuing digital cash alternatives as well as payments.

Lending agreement Nuo Network: The official currency has not yet been issued, please beware of related scams

Nuo Network, a lending agreement, issued a warning on Twitter that there are currently no officially issued tokens in the market, please beware of scams using the name of the "Nuo Network (NUO)" token.

Privacy blockchain project Findora: No tokens have been issued yet, please be careful to identify fraud

The Stanford privacy blockchain project Findora Foundation officially issued a warning on Twitter: "We have noticed that fraudsters are distorting and counterfeiting Findora. Findora currently does not issue any tokens. Please report any suspicious behavior to the administrator! Findora And all team members will not ask for any personal information, nor will they seek investment on any social media channels. Please pay attention to screening!"
Skale discloses token sale rules: it will be sold in two batches, the specific time and price will be announced by ConsenSys tomorrow
Skale tokens will be sold in two batches through the ConsenSys Activate platform. ConsenSys is still confirming the plan. The specific distribution date, quantity, and price will be announced on August 26. Skale expects the token sale to be as early as late next week or early next week.

Blockchain industry

The first sale will give all eligible participants who successfully pass KYC prior to the auction an option to purchase the same amount of tokens as other purchasers at a fixed price. For example, if there are 100 participants and 100 tokens, each participant can only buy 1 token. The remaining tokens not subscribed in the first tranche will be sold in the second tranche, which will prioritize larger buyers who have passed stricter KYC and due diligence.

Blockchain industry

Samsung Smartphone Crypto Wallet to Support South Korea's SK Telecom's Blockchain-Driven ID App

Samsung smartphones equipped with blockchain key storage encrypted wallet functions will be able to support the world's first decentralized identification (DID) solution after reaching an agreement with South Korea's SK Telecom. This means that Korean users will be able to store their private keys, digital signatures and digital certificates supporting authentication in Samsung’s encrypted wallet. According to local media reports in South Korea, the two companies may be further researching a series of products related to digital authentication. The partnership will see SK's Initial app linked to Samsung Crypto Wallet, a platform that enables customers to make paperless insurance claims using a blockchain network.

Ant Group: Participating in the central bank’s digital renminbi research and development, it is difficult to assess the impact on the company

Ant Group stated in the prospectus that the company is actively participating in digital renminbi research and development experiments. There is no timetable for when the digital renminbi will be officially launched, and it is difficult to assess the impact of this work on the company's business, financial status and operating results. The digital renminbi is a digital form of the renminbi, which is positioned as a currency in circulation (M0) and is different from general electronic payment tools.
Ant Group Prospectus: Continue to invest in the research and development of blockchain core technology, and the number of patents ranks first in the industry
According to the Hong Kong Stock Exchange documents, Ant Group has submitted a listing application to the Hong Kong Stock Exchange, and Ant Group hired CICC, Citigroup, JPMorgan Chase, and Morgan Stanley to be responsible for the Hong Kong listing. Ant Technology Group Co., Ltd.'s application for listing on the Science and Technology Innovation Board was accepted by the Shanghai Stock Exchange. Ant Group's A-share IPO plans to raise 48 billion yuan.

The prospectus pointed out that Ant Group continues to invest in the research and development of blockchain core technology to build a future-oriented trust infrastructure in the era of digital economy. We connect the industrial ecology based on blockchain technology, realize the trusted transfer of assets in the whole link, and promote industrial development through the value transfer platform. We are committed to continuously deepening innovation in the field of blockchain technology, and have created multiple platforms such as an open platform for blockchain, a receivables transfer and asset management platform "Double Chain", and a general smart contract platform. Consensus algorithm, smart contract technology, software and hardware privacy protection, cross-chain protocol and other aspects have formed unique leading technical capabilities.

China CITIC Bank Taiyuan Branch uses the blockchain forfaiting trading platform to raise nearly 1.8 billion yuan for enterprises

Investment and Financing

Taiyuan Branch of China CITIC Bank actively uses the blockchain forfaiting trading platform to solve financing problems for enterprises in the province, improve financing efficiency, control financing risks, and empower the development of the real economy. It has accumulated transactions for key enterprises in Shanxi Province for more than a year 12 transactions with an amount of nearly 1.8 billion yuan.

Investment and Financing

The AMM solution Perpetual Protocol completed a financing of US$1.8 million, led by Multicoin Capital, with participation from Three Arrows Capital, CMS Holding, and Alameda Research. Perpetual Protocol introduces a brand-new AMM mechanism, called vAMM, to solve the current limitations of AMM such as leverage and uncompensated losses.

ConsenSys said Tuesday that it has acquired Quorum, the blockchain platform owned by JPMorgan Chase & Co. JPMorgan also made a strategic investment in ConsenSys as part of the deal, but the companies declined to disclose financial terms. Joseph Lubin, CEO and founder of ConsenSys, said in an interview: "We have acquired Quorum, JPMorgan Chase has made a strategic investment (in us), and we have commercial arrangements for Quorum to continue to support the JPMorgan Chase project." JP Morgan Chase Umar Farooq, global head of blockchain, said in an interview that the Quorum team will remain at JPMorgan Chase to assist in its transformation next year and will work on other blockchain projects.

global policy

The General Office of the Central Committee of the Communist Party of China and the State Council: Promote the application of blockchain and other technologies in the field of social assistance

global policy

The General Office of the Central Committee of the Communist Party of China and the State Council: Promote the application of blockchain and other technologies in the field of social assistance

Recently, the General Office of the Central Committee of the Communist Party of China and the General Office of the State Council issued the "Opinions on Reforming and Improving the Social Assistance System" and issued a notice, requiring all regions and departments to implement it conscientiously in light of their actual conditions. The opinion proposes to strengthen the informatization of social assistance, and promote the application of modern information technologies such as the Internet, big data, artificial intelligence, blockchain, and 5G in the field of social assistance. Relying on the national data sharing and exchange platform system, improve the social assistance resource database, collect and share all kinds of information on assistance and assistance from government departments, group organizations, etc., and provide support for relevant departments, units and social forces to carry out assistance and assistance . Promote the extension of social assistance services to mobile terminals, realize assistance matters "on the palm" and "fingertips", and provide convenient and quick assistance application, handling, inquiry and other services for the poor.
South Korea’s cryptocurrency taxation plan will come into effect on October 1, 2021

At a state council meeting on Aug. 25, South Korea confirmed amendments to 16 tax laws. The South Korean government plans to submit the proposal to the National Assembly on Sept. 3. The amendment mentioned that from October 1, 2021, if you earn 2.5 million won or more per year through cryptocurrency transactions, you will need to pay a 20% capital gains tax.

Earlier news, the South Korean Ministry of Finance announced the 2020 tax reform plan in July, mentioning that a 20% capital gains tax will be imposed on digital currency transactions.