Tag: Policies and regulations

Hunan blockchain development plan: by 2022, cultivate and form 10 leading domestic blockchain companies

The General Office of the People’s Government of Hunan Province issued a notice on the “Master Plan for Blockchain Development in Hunan Province (2020-2025)”. The planning proposal proposes to promote the application of blockchain technology in key areas, explore the formation of effective application models; advance the basic research of innovative applications of blockchain, strengthen the research and development of key technologies; promote blockchain technology and artificial intelligence, big data, Internet of Things, etc. Convergence and development of information technology,…

Shanghai: Expanding the pilot application of blockchain to facilitate China International Import Expo bonded display transaction supervision services

Shanghai issued 36 implementation opinions to promote the high-quality development of trade, and pointed out in Article 31 to improve the “single window” function of international trade, to expand the pilot application of blockchain to facilitate the supervision of bonded display transactions at the China International Import Expo. Carry out the cooperation and co-construction of the “single window” of international trade in the Yangtze River Delta, integrate the charging inquiry and processing functions, and strengthen data sharing.

Guangdong New Infrastructure Implementation Plan: Promote “Blockchain+” and strive for a national-level blockchain industry platform to settle in Guangdong

The General Office of the People’s Government of Guangdong Province issued a three-year implementation plan (2020-2022) for the promotion of new infrastructure construction in Guangdong Province. The plan proposes to build clusters of new technology infrastructure such as artificial intelligence and blockchain. Promote the formation of a secure and controllable blockchain support system, support the construction of a number of blockchain infrastructure, security protection, cross-chain interoperability, on-chain and off-chain data collaboration, supervision and other major blockchain-based platform-based major projects, and…

Registration of the first batch of fintech regulatory sandbox applications in Shanghai, including 3 innovative applications based on blockchain

The first batch of 8 innovative applications in Shanghai’s financial technology innovation supervision pilot has been registered and will officially provide services to users. The first batch of innovative applications includes the “blockchain-based online financing services for small and micro enterprises” applied by Shanghai Pudong Development Bank Co., Ltd. and the joint application of China UnionPay Co., Ltd., Shanghai Pudong Development Bank Co., Ltd., and Bank of Shanghai Co., Ltd. “Blockchain-based financial and government data fusion products”, and “Credit Union…

Suqian police cracked the digital currency investment scam “Digital Business China”, involving 2.2 million yuan

At the beginning of October this year, the Suqian police received a police report from citizens stating that they had been deceived on the “Digital Business China” platform. Suqian police investigation found that this platform called “Digital Business China” claimed that as long as you study on it, you can get digital points. If you get 0.25 points and pass the exam, you can withdraw 75,000 yuan. The platform claims that the country has specially developed and constructed the “Digital…

South Korean police prosecute actual operators suspected of USD 44 million crypto fraud

According to Yonhap News Agency, the Seoul Police Agency in South Korea handed over the actual operator of a cryptocurrency company called “Ether Wallet” and more than 10 related personnel to the police. The police stated that the company promised investors that if it invests in Ethereum, it will distribute relevant profits. , Has been suspected of investment fraud, the number of victims is expected to reach more than 3,000, and the loss amount is at least 50 billion won…

Guangdong Department of Industry and Information Technology: People’s governments at or above the county level should focus on promoting the construction of new technology infrastructure such as blockchain

The Guangdong Provincial Department of Industry and Information Technology issued a notice on the public solicitation of “Guangdong Province Digital Economy Promotion Regulations (Draft for Comment)”. The draft opinion proposes that people’s governments at or above the county level and relevant departments should focus on the construction of a new generation of mobile communication network, Internet of Things, industrial Internet, satellite Internet and other communication network infrastructures, artificial intelligence, cloud computing, and blockchain. Technical infrastructure, as well as computing power…

The Hong Kong Special Administrative Region Government issued a consultation document recommending the establishment of a licensing system for virtual asset service providers

The Financial Services and Treasury Bureau of the Hong Kong Special Administrative Region Government issued a consultation document to collect public opinions on the amendments to Chapter 615 of the “Anti-Money Laundering and Terrorist Financing Ordinance”. It is recommended to establish a licensing system for virtual asset service providers, requiring any person who intends to engage in regulated business of virtual asset trading platforms in Hong Kong to apply for a license from the Securities Regulatory Commission and meet the…

Several people involved in currency cases have been suspected of being taken away by Shanxi Luliang police, including Xu Mingxing

According to the Beijing News Shell Finance and Economics, several sources said that the police in Luliang City, Shanxi Province recently took away several people involved in currency cases. Regarding whether this news is true or not, a staff member of the Political Department of the Luliang Public Security Bureau in Shanxi did not respond to reporters on the grounds that it was “in the scope of confidentiality.” One of the sources said that the reason that OKEx founder Xu…

The Hong Kong Securities Regulatory Commission will announce a new licensing system for virtual asset platforms this afternoon

The Chief Executive Officer of the Hong Kong Securities Regulatory Commission said that the Securities Regulatory Commission will announce a new virtual asset trading platform licensing system in the afternoon to prevent any type of virtual asset platform money laundering. He pointed out that after the launch of the licensing system, all virtual platforms operating in Hong Kong or targeting Hong Kong investors must apply for licenses and are subject to regulatory supervision. Oudari further stated that the successful application…