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The 2020 World Blockchain Conference · Wuhan was successfully held. Top blockchain industry experts and financial professionals from all walks of life gathered in Wuhan to discuss the latest developments in blockchain technology and digital currency. The experts shared and communicated in this conference Blockchain technology is no longer an independently developed technology, but a necessary element for other technologies such as artificial intelligence, industrial Internet, and privacy computing. The implementation of new technologies in the future requires the integration of multiple technologies to solve corporate problems. .
A new round of digital renminbi red envelope pilots settled in Suzhou. This pilot expanded the consumption scene from offline merchants to online malls, and for the first time exposed the “dual offline” function that has attracted the attention of the market.
The stablecoin Libra issued by Facebook that shocked the world before was renamed Diem. Now its goal has changed from the original issuance of US dollar stablecoins based on a basket of currencies to the launch of a single US dollar-backed digital currency. For a digital currency backed by a single dollar, Facebook’s Diem has a higher probability of passing the approval. By then, it will bring the convenience of online payment to more than 2 billion Facebook users worldwide.
The following is the detailed content of this weekly magazine. We are divided into five major sections: policy-related, industry news, central bank digital currency, investment and financing news, and industry opinions . Please Enioy:
[China Blockchain Technology and Industry Development Forum Group Logo Compilation Conference was held in Jiangxi]
According to the Finance Association News, on December 1, the China Blockchain Technology and Industry Development Forum group standard compilation meeting was held in Nanchang, Jiangxi. At the meeting, the compilation of three group standards was initiated: “Evaluation of Blockchain Service Capability”, “Blockchain Cross-chain Technical Specifications”, and “Blockchain Internet of Things Application Reference Architecture”. In the next step, the forum will continue to be guided by application needs, and in accordance with the principle of “emergency first, maturity first”, accelerate the development of key standards, gradually improve the blockchain standard system, and contribute to the development of my country’s blockchain industry.
【Executive meeting of Beijing Municipal Government: All districts and departments should make full use of technological means such as blockchain】
On the afternoon of December 1, the Beijing Municipal Government held an executive meeting to study important livelihood projects in Beijing in 2021. The meeting studied the “Beijing City’s Implementation Plan for Further Optimizing the Business Environment and Better Serving Market Entities”, and stated that all districts and departments should take the initiative to implement reform tasks, and make full use of big data, blockchain and other technological means to improve The effectiveness of government services and supervision during and after the event, promotes administrative services to be done nearby, electronically, online, and intelligently, to solve the problem of the “last mile” of policy implementation.
[Pu’er City Releases Development Plan for Digital Economy and Blockchain Industry]
According to the Pu’er Daily News, recently, “Pu’er City Digital Economy Development Plan (2020-2025)” and “Pu’er City Blockchain Industry Development Plan (2020-2025)” were officially released. The “Pu’er Blockchain Industry Development Plan (2020-2025)” includes 6 parts including development background, current situation analysis, overall ideas and goals, key application areas, main tasks and safeguard measures, with a total of more than 40,000 words, and puts forward the words ” “Four horizontal, four vertical and two guarantees” is the overall structure. Through the method of “promoting production by use and promoting use by production”, we will strive to build a Pu’er blockchain industry development system. The goal is to build Pu’er into a national blockchain by 2025. Application Demonstration Pilot Area, Southwest Blockchain Innovation and Development Leading City, and the core gathering place of Yunnan Blockchain industry.
[Liangjiang New District of Chongqing City and Chongqing Banking and Insurance Regulatory Bureau reached a cooperation to jointly promote the accumulation of blockchain and other digital economy enterprises]
According to China Financial Information Network, on December 1, Chongqing Liangjiang New District and Chongqing Banking and Insurance Regulatory Bureau signed a strategic cooperation framework agreement. In terms of promoting the development of smart economy, the two parties will vigorously guide bancassurance institutions to increase their efforts in data centers, industrial Financial support for the construction of new infrastructure such as the Internet will help enterprises to develop online and digitally transform, promote the accumulation of digital economy companies such as artificial intelligence and blockchain, support the construction of a number of digital workshops, smart factories, and smart parks, and promote smart finance and emerging Deep integration of technology and real economy.
[The first meeting of Jiangsu Province Blockchain Development Management Coordination Mechanism was held]
According to China’s Jiangsu Net, on December 2, the first meeting of the Jiangsu Province Blockchain Development Management Coordination Mechanism was held in Nanjing. Zhang Aijun, member of the Standing Committee of the Jiangsu Provincial Party Committee and Minister of the Propaganda Department, attended the meeting and delivered a speech. Vice Governor Ma Qiulin presided over the meeting. In his speech, Zhang Aijun emphasized that it is necessary to deeply understand the strategic significance of the development of blockchain, resolutely implement the central decision and deployment, and effectively enhance the sense of mission to grasp the development of blockchain. He asked relevant units to strengthen coordination, accelerate the promotion of blockchain technology and industrial ecological construction, actively promote the development of blockchain and economic and social integration, pay attention to strengthening the management of blockchain applications, and strive to create a national blockchain development demonstration zone for solid promotion Our province “strives to be an example, strives to be a demonstration, and is in the forefront” to make positive contributions. Ma Qiulin requested to strengthen the overall coordination of blockchain development management, adhere to innovation-driven and demand-oriented, accelerate the construction of industrial ecology, strengthen the promotion of landing applications, strengthen standard construction, and ensure safety and reliability.
[“Beijing Regulations on Traditional Chinese Medicine” was officially released, supporting the application of blockchain and other technologies to carry out traceability of the circulation of Chinese medicinal materials] According to the Capital Window, the 26th meeting of the Standing Committee of the 15th Beijing Municipal People’s Congress on November 27 The meeting passed the “Beijing Regulations on Traditional Chinese Medicine.” The regulations point out that the municipal drug supervision and administration department should strengthen the supervision and management of the quality of Chinese medicinal materials in conjunction with Chinese medicine, agriculture and rural areas, and support and guide drug manufacturers and Chinese medicinal material operators to apply big data, blockchain and other new technologies to carry out the circulation of Chinese medicinal materials. Retrospective.
[Members of Congress proposed a new bill requiring stablecoin issuers to obtain bank licenses]
According to CoinDesk’s December 2nd news, U.S. congressmen proposed a new bill called the “Stablecoin Network Sharing and Bank License Enforcement Act”, which will require stablecoin issuers to obtain a bank charter license before issuing stablecoins. Regulatory approval.
[Jiangxi Provincial Court Enforcement Work Conference: Actively use blockchain to promote the iterative upgrade of the enforcement work model]
On December 2, the Jiangxi Provincial Court Enforcement Work Conference and the on-site meeting to deepen the intensive reform of the enforcement process were held in Xinyu City. The meeting pointed out that to further promote the in-depth integration of implementation work and information technology, actively use modern information technologies such as big data, cloud computing, and blockchain to promote the iterative upgrade of the implementation work model, and strive to achieve new results in “effectively solving implementation difficulties.”
[US Congressman: The draft regulation of stablecoins is not conducive to protecting innovation]
U.S. Representative Tom Emmer expressed his opposition to the draft regulation of the new stablecoin in Congress. He said that the bill failed to reach agreement on innovation protection. He said in a statement: “Those of us who support the development of these new innovations in the United States have worked hard to learn and understand this technology. It will have a huge beneficial impact on low- and middle-income individuals in the United States and individuals around the world. We have been Try to find common ground with the other party in the actual steps to achieve this goal. I hope that the supporters of this bill can do the same.” It is reported that Tom Emmer is a member of the Congressional Blockchain Core Group.
[Xu Qiang, Secretary of the Party Leadership Group of Beijing Municipal Science and Technology Commission: Strive to continue to dominate in blockchain and other fields]
On December 4, the Beijing Municipal Committee of the Communist Party of China held a press conference. Xu Qiang, Secretary of the Party Group and Director of the Municipal Science and Technology Committee, stated that in terms of coordinating the layout of “from 0 to 1” basic research and key core technology research, we will strengthen the strategic longboard and strive to Artificial intelligence, quantum information, blockchain, optoelectronics, life sciences and other fields continue to take the lead; make up for key shortcomings, and strive to make breakthroughs in the fields of integrated circuits, key new materials, general key components, and high-end instruments and equipment. “technology.
[US Congressman Warren Davidson expressed opposition to the draft regulation of stablecoins]
According to news from Cointelegraph on December 5, another U.S. congressman expressed opposition to the draft stablecoin regulation proposed by Rashida Tlaib. US Republican Congressman Warren Davidson said: “This means terrible consequences. It will have the worst impact on those Tlaib tries to protect, that is, for those who do not have a bank account and the bank does not provide services. The requirements of the bill will ensure that only Only large banks can use stablecoin technology in the United States. I don’t know their motives, but I know the consequence of doing so is to block JPMcoin and kill everything else.” Earlier news, according to The Block’s December 3 news, US Representative Tom Emmer expressed opposition to the new stablecoin regulatory draft in Congress, saying that the stablecoin regulatory draft is not conducive to protecting innovation.
[National Internet Emergency Center launches “Blockchain Home” applet “Chain Chacha”]
The “Blockchain Home” data service platform launched by the National Internet Emergency Response Center launched the WeChat applet “Chain Chacha”. It is understood that in June this year, the National Internet Emergency Response Center launched the self-developed blockchain data service platform “Blockchain Home”. This platform extensively collects data from my country’s blockchain-related companies and blockchain projects, and provides corporate queries. , Project query, ledger query, situational awareness and other data services. On this basis, the newly launched small program has added functions such as “Chain Navigation”, “Langya Index”, and “Collection”. Among them, “chain navigation” can provide blockchain development services, platform services, and navigation functions of application products based on the application of blockchain technology and the development trend of industrial ecology, helping users to quickly find electronic contracts, judicial deposits, copyright protection, BaaS Platforms and other blockchain products and services; the “Langya Index” quantitatively evaluates blockchain companies based on public information, comprehensively depicting dozens of indicators from multiple dimensions such as corporate strength, business development, and technical reserves to form an index reference. The “collection” function is convenient for users to collect blockchain companies, projects, account addresses, etc. that they are concerned about.
[Loudi City will start the blockchain real estate registration electronic license from December 1st]
According to the Securities Daily, on November 27, the Real Estate Registration Center of Loudi City, Hunan Province issued an announcement that since December 1st, real estate registration at the city level will fully use the blockchain real estate registration electronic license. An electronic certificate is a valid electronic certificate that proves that the right holder has the right to real property, and has the same legal effect as a paper certificate.
[Beijing promotes a pilot program for facilitation of trade foreign exchange receipts and payments and a pilot program for cross-border financial blockchain service platforms]
According to the Beijing Foreign Exchange Management Department, a pilot scenario for the verification of the authenticity of cross-border financial blockchain platform capital item revenue payment facilitation will be launched in Beijing. The pilot will be in the Daxing Airport Area of the China (Hebei) Pilot Free Trade Zone (Beijing Daxing) Land first. Liu Yuling, deputy director of the Beijing Foreign Exchange Administration Department, expressed that it is necessary to vigorously promote the facilitation of trade foreign exchange receipts and payments and the pilot of the cross-border financial blockchain service platform in terms of promoting cross-border trade facilitation, accurately support the development of new trade formats and new models, and solidly promote cross-border trade RMB facilitation business.
[National Big Data (Guizhou) Comprehensive Experimental Zone launched 7 blockchain-based industry applications]
According to Guizhou Radio and Television Station, on December 1, the “National Big Data (Guizhou) Comprehensive Pilot Zone Construction Status Press Conference” was held in Guiyang. Ma Ningyu, Secretary of the Party Leadership Group and Director of the Guizhou Big Data Bureau, said that the application of blockchain will be accelerated. Accelerate the promotion of blockchain technology and industrial innovation and development, and build a blockchain infrastructure platform “Share Chain”, which is applied in 7 industries including electronic certificates, project approval supervision, credit system construction, and smart light poles, and serves the country.
[Hangzhou Marathon will send race results through blockchain certificates]
The Hangzhou Marathon will send the results through the blockchain certificate. Hang Ma stated that, first of all, the non-tamperable, traceable and traceable features of the blockchain ensure the authenticity and validity of the score certificate. Secondly, the step of uploading the results when registering for each competition can be much easier, and the organizing committee can also be directly authorized to retrieve the results from the chain and the results are true and valid, and it is also valid in other countries.
[Russian bank Alfa-Bank uses blockchain technology to provide services for freelancers]
Alfa-Bank, one of Russia’s largest private commercial banks, is exploring blockchain technology to provide services for freelancers. According to the announcement on December 1, Alfa-Bank will use blockchain-based applications to provide automated services for freelancers and self-employed workers. Based on Waves Enterprise’s blockchain platform, Alpha Bank’s new service covers the entire process of self-employed individuals’ registration and salary payment, including payment settlement, income registration and taxation.
[Tencent announces four patents related to blockchain and cryptocurrency]
According to the company’s data, Tencent Technology (Shenzhen) Co., Ltd. announced four patent applications related to blockchain and cryptocurrency on December 1, including blockchain-based data processing methods, devices and equipment, Encrypted currency smart contract generation method, related equipment and storage medium, block chain-based smart contract security detection method and related equipment, block chain system-based cloud game system and cloud game control method.
[JD Digital will jointly build “Blockchain-Electronic Contract Deposit and Certificate Alliance Chain” with China Financial Certification Center]
According to Sina Finance, on December 1, JD Digital and China Financial Certification Center (CFCA) held a strategic cooperation signing ceremony in Beijing. Relying on the signing of a mutually beneficial cooperation agreement, in the future, both parties will integrate their respective financial scenarios, technologies, customers and other resource advantages, and promote cooperation in electronic authentication business, judicial practice, cryptographic applications, information security services, etc. based on Zhizhen Chain technology. At the same time, both parties will jointly Build “Blockchain-Electronic Contract Depository Alliance Chain”, “Blockchain-Distributed Identity Verification Alliance Chain” and other innovative applications.
[Beijing promotes the pilot project of cross-border financial blockchain service platform]
According to the Securities Daily news, recently, the official website of the Beijing Foreign Exchange Administration Department of the State Administration of Foreign Exchange disclosed that in terms of enhancing the facilitation of cross-border trade, it will vigorously promote the facilitation of trade foreign exchange receipts and payments and the cross-border financial blockchain service platform. Beijing will pilot a cross-border financial blockchain platform in the Daxing Airport Area (Beijing Daxing) in the China (Hebei) Pilot Free Trade Zone to facilitate authenticity review scenarios for capital project revenue payments.
[Blockchain international trade financing platform Contour is about to enter the Beta testing stage]
On December 1, Sweden SEB Bank officially announced that it has completed the creation of a part of the blockchain international trade finance platform Contour. Currently, the bank is running a test environment that will enter the Beta testing phase before the real-time production environment that will be launched soon. According to the press release, the platform aims to minimize the processing time for transactions related to letters of credit. According to SEB, the platform can reduce the time required to complete a transaction from an average of 10 days to less than 24 hours.
[Publishing and distribution of “China Blockchain Application Blue Book (2020)” by People’s Daily Online]
On December 2, the “Blockchain Application Blue Book: China Blockchain Application Development Research Report (2020)” planned by the People’s Daily Online Blockchain Research Institute and published by the Social Science Literature Publishing House was officially published. The book is divided into general report, technological innovation, industry application, industry and market, and special topics. The general report mainly summarizes the basic status, overall characteristics, opportunities and challenges of my country’s blockchain application development in 2019. In the preface of the book, Ye Zhenzhen, party secretary, chairman and president of People’s Daily Online, pointed out that as a representative of a new generation of information technology, blockchain is an “examination question” of the times. “Difficult application” is still a major bottleneck that plagues the development of blockchain. How to solve the application problem will be the key to achieving high scores on the “examination questions” of this era. As for answering the “examination questions”, he emphasized that first, the government must fully play its role as a “referee” and even a “coach”; second, it is necessary to fully tap the market potential and promote the industry. Development requires more service for independent innovation; third, it is necessary to accurately grasp the characteristics of technology, not only to explore intergenerational inheritance, but also to emphasize strengths and avoid weaknesses.
[The proposed new stablecoin bill in the United States is strongly opposed by people in the cryptocurrency field]
According to Cointelegraph, the new stablecoin bill proposed by the US congressmen has met with strong opposition from people in the cryptocurrency field. CoinShares chairman Danny Masters said that cryptocurrencies reduce the cost of providing services to those who are excluded from the banking industry. Through the introduction of the bill, costs and compliance will increase, and as a result, it will cut off contact with the people that the proposal members wish to protect. U.S. Representative Tyler Lindholm of Wyoming stated that the bill violates the basic spirit of decentralization of the encryption sector. Shapeshift CEO Erik Voorhees also said that the bill is doomed to fail.
[JD Digital’s blockchain technology was awarded the pilot demonstration project of network security application by the Ministry of Industry and Information Technology]
According to news from the financial community, on November 30, the 2020 China Cyber Security Industry Summit Forum, co-sponsored by the Ministry of Industry and Information Technology and the Beijing Municipal People’s Government, opened in Beijing. At the forum, JD Digital’s blockchain technology was awarded a pilot demonstration project for network security applications by the Ministry of Industry and Information Technology. In the field of blockchain security, the JD Chain domestic open source blockchain underlying engine independently developed by JD Digital Technology and the JD BaaS blockchain-as-a-service platform are two core technology platforms that effectively guarantee multiple data security from the underlying technology.
[China Information is included in the “Blockchain 50 Index”]
According to Fung Huashun Financial Research Center, in accordance with the index compilation rules, Shenzhen Stock Exchange and Shenzhen Securities Information Co., Ltd. decided to implement regular adjustments to the constituent stocks of multiple indexes on December 14, 2020. China Information was officially included in the “Blockchain 50 Index”.
[Shenzhen’s first blockchain frozen food traceability platform landed in Yantian]
According to the Shenzhen Business Daily, Tencent’s “Cold Chain Food Trusted Traceability Platform” was the first to land in Yantian recently, marking the “enclosed code” for frozen products, combined with the personnel’s health code information, like a “travel card”. In the event of epidemic-related issues, the entire cold chain can be traced back. At present, Tencent’s “Credible Traceability Platform for Cold Chain Foods” has provided reliable traceability services for market supervision departments and cold chain food and logistics companies in Hainan Province, Shenzhen and other places, and assisted the government in identifying cold chain foods carrying the new crown virus from the source. Prevent and control potential risks.
【Strategic cooperation between Mango TV and the Planning Institute of the State Administration of Radio, Film and Television, they will jointly explore the application of blockchain technology in the field of integrated broadcasting and TV listening]
According to the interface news, the State Administration of Radio and Television Broadcasting Planning Institute and Mango TV signed a strategic cooperation agreement in Changsha. The two parties will work on the formulation of national/industry, enterprise and business standards, 4K ultra-high-definition program quality evaluation, the application of blockchain technology in the field of broadcasting and television listening integration, the development and application demonstration of radio and television smart soft terminals, and the evaluation and research of network audio-visual applications (APP) , Carry out extensive and comprehensive cooperation in the research and application of network security protection technology, as well as equipment, system and program evaluation.
[Bursa Malaysia researches blockchain technology to issue bonds, CCB participates in internal testing]
According to Caixin.com, the branch of China Construction Bank in Malaysia has participated in a project of Bursa Malaysia using blockchain technology to issue bonds. The financial technology project has now completed the concept certification.
[Spanish ride-sharing giant Cabify uses blockchain platform to track car carbon emissions]
Spanish ride-sharing giant Cabify announced that it has partnered with Spanish blockchain financial technology company ClimateTrade to digitize and track car carbon emissions. The cooperation will track users’ rides and offset carbon dioxide emissions by allocating points on ClimateTrade’s blockchain market.
[Shenzhen Stock Market Index constituent stocks will be adjusted soon, and 6 technology companies including China Information will be included in the Blockchain 50 Index]
The Shenzhen Stock Exchange recently announced that, in accordance with the index compilation rules, the Shenzhen Stock Exchange and Shenzhen Securities Information Co., Ltd. have decided to implement regular adjustments to the sample stocks of the Shenzhen Component Index, the ChiNext Index, and the Shenzhen 100 Index on December 14, 2020. Among them, six technology companies including China Information, Glodon, and Feitian Chengxin were included in the “Blockchain 50 Index.”
[Report: The blockchain technology market is expected to grow by US$8.07 billion between 2020-2024]
Research firm Technavio released a report stating that the blockchain technology market is expected to grow by USD 8.07 billion between 2020 and 2024. Due to the widespread spread of the COVID-19 pandemic, the blockchain technology market will be positively affected during the forecast period. According to Technavio’s market research on epidemics, market growth may increase compared to 2019.
[Blockchain service network BSN will undergo a quarterly version iteration on January 31, 2021]
The Blockchain Service Network (BSN) announced that it will release new technical services while optimizing the existing BSN functions, performance and service experience. According to the BSN Development Alliance plan, the next quarterly version iteration is scheduled for January 31, 2021. The next optimization will be iterated in three parts: domestic portal, international portal and BSN basic network. On domestic portals, optimizations include the launch of the open alliance chain, the commercialization of the CITA national secret framework, the commercialization of the BSN-based IPFS private network, and the launch of the test version of the alliance chain’s proprietary node service. On the international portal, optimization includes: adapting 9-12 public chains within three months, providing external services on the international official website and international nodes, and launching a test version of the exclusive node service of the alliance chain. In terms of BSN basic network, optimization includes: CITA commercial bottom layer realization, launch of BSN cross-chain communication hub (ICH) commercial, start BSN open alliance chain framework adaptation, etc.
[The United Nations released a blockchain solution aimed at improving the land registration status of Afghanistan’s cities]
The United Nations has released a blockchain-driven solution to help the Afghan government manage property ownership issues in urban areas of the country. According to the statement on December 2, the United Nations Human Settlements Programme, or UN-Habitat, will submit its new digital land registration solution to the Ministry of Urban Development and Land and Resources of Afghanistan in December 2020. It is reported that the United Nations launched the urban sustainable development blockchain project in Afghanistan for the first time in 2019.
【2020 World Blockchain Conference · Wuhan Official Opening】
At 9 a.m. on December 5, 2020, the 2020 World Blockchain Conference Wuhan officially opened at the Wuhan International Convention and Exhibition Center. This summit invited leaders of the Wuhan Municipal Party Committee, academicians of the Chinese Academy of Sciences, well-known blockchain experts and scholars at home and abroad, well-known economists, well-known entrepreneurs and investors to give keynote speeches.
Central Bank Digital Currency
[Securities Times: The central bank’s digital currency testing is accelerated, and the industry chain welcomes development opportunities]
According to the Securities Times, my country’s central bank’s digital currency research and development process has accelerated significantly since the beginning of this year, and early testing of technical indicators has been completed, and trials are being conducted at the regional level in some cities. In addition to pilot cities, test application scenarios are also expected to expand. The industry predicts that the top-level design of the digital renminbi is basically complete, the application is accelerating, and the related industry chain will usher in development opportunities. Hengbao Intelligent, a subsidiary of Hengbao Stock, has a number of patents such as digital currency wallets; Sifang Jingchuang’s Fincube solution in cooperation with Huawei can provide financial institutions with technical support such as digital currency.
[European Central Bank President: The digital euro will be a symbol of the ongoing process of European integration and will ultimately help unify Europe’s digital economy]
According to the official website of the European Central Bank, European Central Bank President Lagarde published a signed article “The Future of Money-Innovating While Maintaining Trust”, stating that we can learn important lessons from the past to understand the factors that affect the future of the currency. Including the possible introduction of a digital euro. Ensuring that the euro meets the needs of European citizens is the core task of the European Central Bank. The European Central Bank wants to ensure that the euro is still suitable for the digital age. The euro system is evaluating the impact of the possible introduction of a digital euro, which, legally speaking, will be a liability of the central bank. The digital euro will supplement cash and ensure that consumers continue to have unrestricted access to central bank currency in a form that can meet their evolving digital payment needs. The issuance of a digital euro may be necessary to ensure continued access to central bank funds and monetary sovereignty. A properly designed digital euro will create synergies with the payment industry and enable the private sector to build new businesses based on services related to the digital euro. The digital euro will also be a symbol of the ongoing European integration process and will ultimately help unify Europe’s digital economy.
[Yi Gang, Governor of the People’s Bank of China: Promote the research and development of digital currency steadily and improve the legal framework of digital currency]
According to the Shanghai Securities News, Yi Gang recently published “Building a Modern Central Bank System” in the “Proposals of the Central Committee of the Communist Party of China on Formulating the Fourteenth Five-Year Plan for National Economic and Social Development and Long-Term Goals for 2035”. Article. The article mentioned that it is necessary to improve the central bank’s long-term mechanism for regulating the liquidity, capital and interest rate constraints of bank money creation; to maintain the growth rate of money supply and social financing scale to basically match the growth rate of nominal GDP reflecting potential output . It is necessary to implement an independent central bank financial budget management system to prevent the monetization of fiscal deficits and build a “firewall” between the two “pockets” of the fiscal and the central bank. Promote the research and development of digital currency steadily, carry out controllable trials in an orderly manner, and improve the legal framework of legal digital currency. Improve the macro-prudential management system, strengthen the overall supervision of systemically important financial institutions, financial holding companies and financial infrastructure, and gradually incorporate major financial activities, financial markets, financial institutions and financial infrastructure into macro-prudential management.
[Huang Guoping, Academy of Social Sciences: In the future, it is unlikely that the digital RMB can be freely exchanged for gold and foreign exchange]
Huang Guoping, director of the Investment and Financing Research Center of the Chinese Academy of Social Sciences, said in an interview that in the pilot phase, in order to attract more people to use the digital renminbi, the policy may be looser, allowing the digital renminbi to be exchanged for gold and foreign exchange. I personally think it can be regarded as one. A short-term incentive. In Huang Guoping’s view, in the long run, it is unlikely that the digital RMB can be freely exchanged for gold and foreign exchange in the future. The digital renminbi is the digitization of paper currency. The digital renminbi has all the functions that paper currency has, but neither does the digital renminbi have the functions that paper money does not. Since paper currency cannot be exchanged for gold and foreign exchange, digital renminbi is also highly unlikely. However, since the digital renminbi has not been officially launched, relevant policies are still being studied and discussed. Whether it can be exchanged for gold and foreign exchange will ultimately depend on the national currency and foreign exchange policy.
[Mu Changchun: Digital RMB accounts may have other forms of authentication]
Mu Changchun, director of the Digital Currency Research Institute of the People’s Bank of China, said in an interview that the digital RMB account does not have to be bound to a mobile phone number, but the mobile phone number is used to open a digital RMB wallet in order to receive authentication information such as verification codes. This may appear in the future. Other forms of certification. In addition, Mu Changchun said that WeChat, Alipay and digital renminbi are not on the same dimension. WeChat and Alipay are financial infrastructures and wallets, while digital renminbi is the money in the wallet. In the electronic payment scenario, the two wallets, WeChat and Alipay, contain Renminbi that people store in commercial banks. After the digital renminbi is issued, everyone can still use WeChat and Alipay to pay, but the money in the wallet adds to the digital renminbi.
[Russian Federal Reserve Bank may issue cryptocurrency Sbercoin in 2021]
Herman Gref, CEO of Sberbank, said that Sberbank may issue its own cryptocurrency Sbercoin in 2021. The Sberbank of Russia is cooperating with JP Morgan Chase to issue Sbercoin and may launch it in an experiment next year.
[The cryptocurrency Libra supported by Facebook has been renamed Diem]
According to Reuters, the Facebook-supported cryptocurrency Libra has been renamed Diem, aiming to regain regulatory approval by emphasizing the independence of the project. Stuart Levey, CEO of the Diem Association, said that Diem means “day” in Latin, and the goal now is to launch a single dollar-backed digital currency.
[Russian financial institutions express concerns about the proposed CBDC]
On Monday, the Central Bank of Russia and a number of banks and financial institutions discussed the digital ruble through a remote meeting. Many participants expressed their expectation for a trial of the digital ruble, but some also hinted that they were worried about certain features of the project. Anatoly Popov, deputy governor of Sberbank, expressed concern that the digital ruble will be launched as a fully centralized system. He said that in this case, Russian retail banks will have to compete with regulators for customers. Sergey Shvetsov, deputy governor of the country’s central bank, agrees that there is indeed competition because the digital ruble will be Russia’s third form of currency, not a substitute for cash or electronic payments. He added that retail banks still have certain advantages in this competition because they can provide deposit interest, while the digital ruble does not have these functions. The Sberbank suggests that banks should act as intermediaries to convert customer balances into digital rubles.
[Gold Standards Committee: Promote the development of legal digital currency standards steadily]
According to the China Securities Journal, the National Financial Standardization Technical Committee recently held the 2020 Working Conference and the Fourth Plenary Meeting of the Fourth Committee. The relevant person in charge of the Gold Standards Committee pointed out at the meeting that it is necessary to focus on new technologies, new business forms and new models, strengthen regulatory technology, compliance technology and other regulatory and guide industry standards, and steadily promote the development of legal digital currency standards in an open and inclusive manner.
[European Central Bank President Lagarde said China is leading the way in developing digital currencies]
European Central Bank President Lagarde said that the European Central Bank needs some time to prepare for the launch of digital currency, and speed is not a priority. “The People’s Bank of China is the leader. It has already started this work. It has begun to explore the feasibility, characteristics, and pros and cons of the digital renminbi. I think it is still in the experimental stage, but it is true that the renminbi is ahead of the euro and the dollar in this regard.”
[Wang Xiaohong: Deepen China-ASEAN cooperation in the field of financial openness and promote digital currency cooperation]
According to the Shanghai Securities News, Wang Xiaohong, deputy director and professor of the Information Department of the China International Economic Exchange Center, said in an interview today that ASEAN has become my country’s largest trading partner and important investment partner, and it must be included in the “China-ASEAN Strategic Partnership 2030 Vision” Under the guidance of the United Nations, deepen bilateral cooperation in trade and investment, technological innovation, digital economy, cultural exchanges, and financial opening. It is necessary to make full use of the ASEAN market to promote the internationalization of the renminbi, promote the use of renminbi trade settlement and two-way investment between my country and ASEAN countries, develop offshore finance, and strengthen digital currency cooperation.
[Members of the European Central Bank Board of Directors: Will ensure support for cash payments and support for digital euro innovation]
On December 3, Fabio Panetta, a member of the Board of Directors of the European Central Bank (ECB), said that the freedom of consumers to choose payment methods is of utmost importance to us. Therefore, our goal is to provide strong support for cash, to ensure that the entire Eurozone accepts and obtains cash, while promoting innovation in digital payments, including our possible digital euro.
[Member of the Swiss National Bank: The Swiss National Bank has successfully completed the experiment on wholesale digital currencies]
The Swiss National Bank member Maechler said that the Swiss National Bank has no plans to launch a retail central bank digital currency, and has successfully completed trials on wholesale digital currencies. The trials with the Bank for International Settlements and six exchanges have shown that digital currency payments are feasible. No decision has been made on the central bank’s digital currency, and more research is needed. In addition, the Bank for International Settlements revealed that the next phase of the digital currency experiment will be completed in the third quarter of 2021.
[Bank for International Settlements Report: Only the private and public sectors work together to successfully issue CBDC]
On December 3, the Bank for International Settlements (BIS) issued a report stating that the issuance of central bank digital currency (CBDC) can prove to be successful only if the private and public sectors work together, because it will further advance the real world. Digital currency test. The Bank for International Settlements reported that the tests conducted showed that digital currency payments are feasible, but it also pointed out that without the private sector backed by the central bank, it would be difficult for governments to start their CBDC projects.
[Report: Banks should pay interest to CBDC to reduce tax avoidance]
A recent Bank of Korea report discussed the impact of the central bank’s possible digital currency (CBDC) issue on tax avoidance. The report pointed out that a mechanism that allows banks to hold digital currencies to increase their holding interest may help incentivize the use of digital tokens for comprehensive and transparent activities to minimize incentives for potential tax evaders.
[Experts suggest that the “Regulations of Shanghai Municipality on Promoting the Construction of an International Financial Center” should be revised to focus on digital currencies]
The “Regulations of Shanghai Municipality on Promoting the Construction of an International Financial Center” were first issued in 2009. At present, experts and scholars are discussing the new legal requirements and new countermeasures in the process of the new construction of Shanghai International Financial Center, and put forward suggestions for amendments to the “Regulations.” Become a topic of concern in this revision of the Regulations. Li Jianwei, an expert from the Law Institute of the Shanghai Academy of Social Sciences, said that digital currency has the efficiency value of economy and convenience, and its security should be guaranteed. Digital currency must be legal tender and must be incorporated into legal regulations as soon as possible. If the so-called digital currency is arbitrarily drafted, it will inevitably cause disorder in the currency and financial fields, cause huge losses, and bring negative effects to social and economic development.
[Hong Kong Monetary Authority: is studying the use of digital renminbi for cross-border payment technology testing]
香港金管局称，正在与中国人民银行数字货币研究所研究使用数字人民币进行跨境支付的技术测试，并作相应的技术准备。 Although there is no timetable for the launch of the digital renminbi, it is believed that it will provide residents of the two places who need to conduct cross-border retail consumption with an additional payment method in the future.
据Cryptonews 12月1日消息，韩国游戏巨头Nexon出售了旗下最重要的区块链子公司之一，即Entertainment Lab。一些专家称，此举可能意味着Nexon公司及其所有者Kim Jong-ju将重心从加密技术转向金融科技。据报道，这笔交易是在9月下旬进行的，但直到今天仍严格保密。
“相信未来–2020世界区块链大会·武汉”开幕式上，新加坡新跃社科大学教授李国权发表了题为《DCEP和RCEP: 普惠通证经济的新格局》的演讲。他表示，新中两国在区块链、金融科技、数字货币、相关法律政策领域有诸多的互补性。中国的DCEP（或称eRMB）虽然没有完全采用区块链技术，但借鉴了比特币UXTO的设计理念，且将重点放在零售业务上，重点解决商业和民众数字支付需求。新加坡的央行数字货币乌敏岛计划 (Project Ubin) 则充分利用了区块链技术，专注于国家与金融机构之间的结算和批发业务。他还指出，新加坡将成为eRMB国际化的重要节点，新中两国央行数字货币合作和人民币国际化进程，对中国和东盟（亚细安）的6.6亿人口，中小型企业融资，和小额个人转帐有着重大和深远的意义。