headlines
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regulatory trends
EUs New Anti-Money Laundering Directive for Digital Currencies
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India’s Crypto Regulations to be Published in July, Petition for RBI Ban to Open on July 3
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South Korean officials: Since South Korea banned anonymous transactions, the domestic BTC kimchi premium has been controlled
According to Bitcoin reports, Subhash Chandra Garg, Minister of Economic Affairs of the Ministry of Finance of India, revealed that the regulations on cryptocurrency regulation in India will be announced in July, and the draft framework has been formulated. Meanwhile, the Supreme Court has agreed to examine the petition against the RBI ban, with the hearing rescheduled for July 3. In India, cryptocurrencies are not considered legal tender. Cryptocurrency exchanges in India are unregulated and upcoming regulations will introduce legal requirements for know-your-customer procedures and record-keeping of transactions, Subhash Garg said.
South Korean officials: Since South Korea banned anonymous transactions, the domestic BTC kimchi premium has been controlled
According to yonhapnews, South Koreas financial regulator officials said that since the government banned the anonymous trading of digital currencies, in January this year, wild speculation in South Korea to buy bitcoin and other digital currencies was brought under control. According to reports, on January 7, the Kimchi premium of Korean Bitcoin was as high as 46.7%; on June 19, the premium level was 0.6%; the current global average price of BTC is $6,242.87, and the current price of BTC on Bithumb is $6,229.11.
SEC expert Gary: The industry is forcing the SEC to re-examine ICO
Texas Securities Commission official: Regulators should not blindly issue cease and desist orders to cryptocurrency companies
Emerging markets tend to attract bad actors, and regulators need to determine which companies are doing the right thing and that these companies deserve credit from regulators, said Texas Securities Commissioner Joe Rotunda at a seminar on crypto scams hosted by the U.S. Federal Trade Commission (CFT). Support, not a cease and desist order. Regulators can work with these companies to explore anti-fraud options and act quickly.
The central bank of Australia and the central bank of New Zealand say that they will not issue a central bank digital currency in the short term
According to a Reuters report, both the Reserve Bank of Australia and the Central Bank of New Zealand said today that they would not issue central bank digital currencies in the short term because such an approach would do more harm than good to the financial system.
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Industry News
Silicon Valley investment giant launches up to $300 million cryptocurrency venture capital fund
According to the Wall Street Journal, Silicon Valley investment giant Andreessen Horowitz has launched a blockchain fund of up to US$300 million, mainly investing in cryptocurrencies and blockchain startups. The fund will be named a16z. Additionally, Horowitz has hired Katie Haun, a former prosecutor with experience in crypto law enforcement, to co-lead the fund.
Circle: Institutional investors increased by 30% month-on-month and are increasing investment in the crypto market
Goldman Sachs-backed Circle has seen a big boost in attracting hedge funds and other big-league investors despite bitcoin’s sharp drop last month, according to CNBC. The number of new institutional clients increased by 30% month-on-month, and the single-day transaction volume increased by 15 times year-on-year. The company announced Monday that it is automating Circle transactions. “Institutions are lining up to get in,” said Circle founder and CEO Jeremy Allaire.
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digital currency
Wechsler Rating: Trillion Dollar Funds Can’t Enter Cryptocurrency Market Anytime Soon
Webster Ratings questioned ADA co-founder Charles Hoskinsons statement that Wall Streets entry into the cryptocurrency market will bring trillions of dollars in capital on its social media platform. According to Wechsler Ratings, the combined assets of all banks in the United States are now less than $17 trillion, and even the GDP of the United States is less than $19 trillion.
BTC unit computing power profit rate hits a new low in the past two years, and market sentiment has not yet recovered
The mysterious private key entrusted to developers by Satoshi Nakamoto may be officially released
A private key entrusted to several bitcoin developers by Satoshi Nakamoto - used to activate the bitcoin protocols so-called alert system - was once used to warn people running the software in case something happened, Coindesk reported. Things that could affect the safety of their funds. Core removed this system from the new code in 2016, and now Core contributor Bryan Bishop plans to publish this code. He is considering releasing the private key in early July, but it has not been confirmed.
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Character·Voice
Character·Voice
World Blockchain WBO Assistant Director-General: Future exchanges will combine centralized management and fragmented transactions
Recently, Dr. Xu Gang, Assistant Director-General of the World Blockchain WBO, said when talking about the recent dispute over exchange models that decentralized exchanges do not mean complete decentralization. Future exchanges will combine centralized management and sharded transactions. . In terms of centralization, the settlement system will have banks issuing fiat currency tokens, and the business system will have tokens such as enterprise tokens, industry tokens, and commodity tokens. In terms of sharding, there will be an exchange alliance, and regional exchanges will have living space. At the same time, he believes that the future mechanism of the exchange should reflect the idea of token economy.
European Central Bank executive Cole: Digital currency infrastructure is still immature
According to Bloomberg, Cole, the executive member of the European Central Bank, said that the infrastructure of digital currency is still immature and that the central banks digital currency needs to be treated with caution.
U.S. Consumer Protection Agency Director: By the end of this year, consumers may lose more than $3 billion in cryptocurrencies
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Angel investor Xue Manzi said at a blockchain study tour held in Koh Samui on the 26th that blockchain investment has entered a rational era, and the era in which a white paper can increase tenfold in the past has passed. He believes that entrepreneurship must be aimed at real needs, and 99% of entrepreneurship failures are because there is no demand for entrepreneurship. The same is true for successful blockchain projects, which must be aimed at rigid needs. As long as you find just what you need, many people will come to you.
World blockchain WBO Xu Gang: Not optimistic about blockchain game investment in the short term
Im Qi Ming from Odaily. To explore the real blockchain, please add WeChat qingmoruoshui for project communication and breaking news. Please note your name, company, and position. For reprinting/content cooperation/reporting, please contact report@odaily.com; illegal reprinting must be punished by law.
