Tag: encrypted assets

Xinhua News Agency: Digital currency is not equal to blockchain, and digital renminbi is not mandatory for merchants

Xinhua News Agency pointed out that the digital renminbi showed its true colors, and the three major conjectures proved to be “misreadings.” One is that digital currency is not equal to the blockchain. Legal digital currency is not a digital encrypted asset, nor is it limited to a certain technology. It is not only the adoption of blockchain technology that is digital currency. Digital RMB does adopt blockchain technology in some links, but based on certain technical characteristics of blockchain,…

CFTC’s final interpretation guideline on “physical delivery” of encrypted assets has taken effect

The US Commodity Futures Trading Commission (CFTC)’s final interpretation guideline on “Actual Delivery” of crypto assets as prescribed in the Commodity Exchange Act (CEA) came into effect on June 24, 2020, see Fed Article 85 Article 37734. According to Lianwen, on March 24 this year, the CFTC announced the unanimous adoption of the final explanatory guide for retail commodity transactions involving specific digital assets. The guide does not attempt to supervise any specific transaction activities, but explains which types of…