A proposal to legalize ICOs proposed by the National Council of Korea last week was opposed by the Financial Services Regulatory Commission this week.
In terms of supervision, Israel, Japan and other countries have upgraded their cryptocurrency regulatory policies, mainly to prevent virtual currencies from being used as criminal funds and other purposes.
The six cryptocurrencies with the largest market value this week, except for Bitcoin, all showed a slight decline.
Currency market
The six cryptocurrencies with the largest market value this week, except for Bitcoin, all showed a slight decline.
Bitcoin BTC reported $7596.4, a 24-hour increase of +0.33%, and a 7-day increase of +0.78%;
Ethereum ETH reported at $585.03, a 24-hour increase of +2.07%, and an increase of -2.64% within 7 days;
Ripple XRP reported at $0.61715, a 24-hour increase of +0.77%, and a 7-day increase of -0.86%.
1. Good news
Image Source:Invsting.comChinese website
Focus this week
International sector
1. Good news
US state of Wyoming plans to diversify economy with blockchain-friendly bill
Fossil dyes now account for 20 percent of Wyomings economy, but oil and gas prices are low and coal demand is weak. As early as March this year, the Wyoming government signed four blockchain-friendly bills to attract technology companies. The plan allows certain blockchain tokens or digital currencies issued to people investing in technology startups to be exempt from the state’s securities laws. . Another bill allows Wyoming companies to use blockchain recordkeeping. Two other bills facilitate digital currency transactions and exempt digital currencies from property taxes. States in the United States that use blockchain-friendly laws to attract technology companies also include Arizona and Tennessee. (CNBC)
Using blockchain to track harassing phone calls? Relevant draft issued by Indian telecom regulator
2. Steady progress
2. Steady progress
Dutch government report: cryptocurrencies pose low risk to the countrys financial stability
According to cointelegraph, the Dutch government issued an economic risk report, which stated that due to the low degree of capitalization and the low participation of traditional financial institutions, the risks posed by cryptocurrencies to the countrys financial stability are very low.
Bank of England Governor: The right role for central banks in the crypto industry is key
According to Bloomberg News on May 31, Bank of England Governor Carney said in an interview in Sweden on Thursday that the central bank can play an important role in changing the payment system, helping private providers of electronic money, and issuing central bank digital currencies. , but most importantly play the right role in the crypto industry.
South Korean Grand Court Recognizes Bitcoin as an Asset in Judgment
3. Regulatory upgrade
3. Regulatory upgrade
According to Cryptonews, in response to the National Committee’s proposal to legalize ICOs, an official from the FSS of the South Korean Financial Services Regulatory Commission said that they will not follow the proposal’s recommendations at this stage, and they must listen to and carefully review the recommendations of the special committee. At this stage, they oppose the legalization of ICO.
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Japans Financial Services Agency conducts regulatory rectification on exchanges
Recently, Japans Financial Services Agency (FSA) has carried out money laundering (anti-money laundering) regulatory rectification on several digital currency companies, and will discuss the direction of business improvement orders based on the fund settlement law in mid-June. FSA believes that most companies now pay too much attention to customer development, while ignoring management work. Among the 16 registered exchanges, the FSA has ordered 10 of them to suspend operations for rectification, and 2 of them need technical improvement. In addition, some registered service agencies have management problems, and the FSA plans to deal with them when necessary.
Bithumb strengthens anti-money laundering to prevent virtual currency from being used as criminal funds and other purposes
Domestic sector
Domestic sector
Cai Qi, Secretary of the Beijing Municipal Party Committee: In-depth research on blockchain technology and applications to develop digital economy
Cai Qi, secretary of the Beijing Municipal Party Committee, said at the network security and informatization work conference held yesterday that it is necessary to vigorously develop the digital economy, implement the action plan for the development of big data and cloud computing, conduct in-depth research on blockchain technology and applications, and build industrial clusters. (Beijing Daily)
According to the notice issued by the Ministry of Finance, the relevant cities will focus on agricultural products, fast-moving consumer goods, pharmaceuticals, daily electronic products, auto parts, home appliances and furniture, textiles and clothing, as well as catering, cold chain, logistics and express delivery, e-commerce, etc. in light of their own actual conditions. In the field of industry, we will accelerate the construction of a modern supply chain system. It is necessary to strengthen the construction of logistics infrastructure, develop a smart supply chain, promote the integration of big data, cloud computing, blockchain, artificial intelligence and other technologies with the supply chain, and promote the use of new energy logistics vehicles, energy-saving technologies for storage facilities and equipment, and new green and smart packaging materials .
(I am Zhao Huanxin, a reporter from Odaily. I am exploring the real blockchain. Please add WeChat 17778170972 for breaking news and communication. Please note your name, unit, position and reason.)
(I am Zhao Huanxin, a reporter from Odaily. I am exploring the real blockchain. Please add WeChat 17778170972 for breaking news and communication. Please note your name, unit, position and reason.)
