Is Nasdaq About To Become A Digital Currency Exchange? Where Will China’s Regulation Go From Here?

Newbies in the currency circle will grow with you

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The absence of meat makes people thin, and the absence of bamboo makes people worried.

There is no hot spot to rub off on, I am the only one to pity you.

As the saying goes, "A day in the currency world is a year in the world." A bear market is not bearish enough, and a bull market is not bullish enough. The currency world is getting quieter and better. For example, recently, the CEO of Nasdaq stated that Nasdaq is willing to become a cryptocurrency trading platform once the cryptocurrency trading field matures. In this regard, many people are shouting that the bear market is over, but they are more concerned about whether China's regulatory policies on cryptocurrencies and ICOs can be relaxed? Are you really willing to watch this struggle for interests, turn a blind eye to what is happening outside the window, and insist on banning ICOs?

It can be seen that Nasdaq has been coveting the digital currency trading market for a long time. Adina was just waiting for the right opportunity. At this time, the digital currency trading market is required to become standardized, and exchanges can provide investors with conditions such as a fair trading environment. Obviously, such conditions are not yet met. So the question that everyone is concerned about and considering is, how long will it take for this market to be regulated? Does the exchange want to provide a regulated digital currency trading market? No one can give an answer.

On Wednesday, Nasdaq reached a cooperation plan with the Bitcoin trading platform to use Nasdaq’s monitoring software to monitor potential bad trading behaviors in the market.

In recent years, digital currencies have experienced explosive development. Stimulated by the effect of making quick money, a large amount of capital and teams have flocked to this trend. However, while the industry is growing crazily, speculation is intensifying. The blockchain bubble has been blown more and more, and it will eventually face major reshuffles, and the policies and regulations of various countries will also follow. Also introduced one by one.

US ICO Policy

The U.S. Securities and Exchange Commission (SEC) announced that digital assets issued by ICOs are securities under federal securities laws, and therefore transactions are subject to regulation.

Japan ICO Policy

Recently, the Japanese government announced proposed guidelines that would legalize cryptocurrencies as a method of financing. This is the first step towards legalizing ICO in Japan.

Japan has always been more open to digital currencies than China or even the United States. Japan is recognized as a country with relatively sound policies and legal systems related to digital currency. Japan has always been independent. For a country that has already brought the underworld into the scope of government supervision, what reason is there to refuse? How about an opportunity that could shake the world's economic levers? Moreover, Satoshi Nakamoto is very likely to be Japanese. If the "devil's footsteps" cannot be stopped, it will be regulated by the government.

Hong Kong ICO Policy

The Hong Kong Securities Regulatory Commission does not completely ban ICOs like the mainland, but adopts a registration and licensing system to supervise ICOs.

For the emerging markets of digital currencies, unlike the inclusive prudential regulatory policies adopted by the United States and Japan, in order to prevent potential risks and maintain financial market stability, regulatory authorities such as the Central Bank of China have taken direct measures to stop them. .

September 4, 2017, was a day that changed the fate of many Chinese blockchain companies.

In the afternoon of the same day, seven ministries and commissions including the central bank officially recognized ICO as illegal financing without approval, stopped all domestic token issuance and financing activities including ICO, cleaned up and rectified the ICO platform, and organized special rectification. Withdrawal of Tokens. Previously, the ICO wave of Chinese blockchain companies has entered a white-hot stage. Hot money is surging across the industry, and the amount of money ICO projects can raise is unbelievably high.

At the end of June 2017, the ICO project EOS that Mr. Li participated in raised US$185 million in just 5 days. On July 2, the market value of EOS’s corresponding secondary market reached US$5 billion. Some people call it the "50 billion bubble", but it's hard to tell whether it is a real bubble. Investment tycoon Xue Manzi once said that blockchain is just the beginning of a marathon, it is not a hundred meters. Sprint, most of today's lively companies will be doomed. We investors can only choose carefully. It is unsustainable to expect 1000% annualized growth too quickly.

However, most ICO investors simply don’t care about the project itself. They only care about whether the ICO can grow 10 times or even 100 times in a short period of time. Everyone is lucky and wants to reach the top in one step, but often they end up at the top. The harder you fall, the faster you climb and the harder you fall. Whether you are a long-term or short-term investor, don’t rush into anything and look around to see if there are any lurking traps. Otherwise, you will end up trapped by the banker in an endless dark room, never to see the light of day. Unfortunately, everyone knows the principle, but few actually do it.

Today, ICOs are completely banned in China, and the attitude towards digital currencies is not clear enough. Former central bank governor Zhou Xiaochuan said the People's Bank of China is studying digital currencies for electronic payments and that China remains open to digital currencies, but only if it does not disrupt the financial system. Not long ago, Yi Gang, governor of the People's Bank of China, once again emphasized China's cautious attitude towards virtual currencies when speaking at the Boao Forum for Asia. He said, “Virtual currencies provide relatively few services to the real economy, and there is some speculation and even money laundering.”

After the 1994 crisis, the digital currency market seems not to have been affected, and the snowball of ICO is getting bigger and bigger. In the first quarter of 2018, global ICO financing totaled US$6.3 billion, already exceeding the total in 2017. It is even more impossible for the Chinese government to completely ban ICOs because the Chinese people’s enthusiasm for ICOs has reached the stage of obsession. A blanket ban on ICOs in China does not prevent blockchain companies from launching ICOs. The Chinese even go to great lengths to find ICOs and investment agents. On April 16, the People’s Daily issued an article stating that a complete ban on digital currencies would be difficult to achieve. Then it depends on how China implements supervision. It has only been more than half a year since the 94 storm. Japan can’t wait to put the legalization of ICO on the agenda. Although China will not charge forward, it will never be left too far behind.

With the increasing development of digital currency, blockchain, and ICO, countries are also actively seeking governance strategies. However, some of Japan’s regulations and policies in the legalization process of ICO have some scientific and reasonable aspects, which we may be able to learn from. If one size fits all cannot completely prohibit and protect the interests of investors, then we should consider whether we can use it to benefit ourselves. profit.

标签： #digital currency #ico #chinese currency #currency #blockchain