Banks, Institutional Investors, and Individuals are all inclined to make the change come through the blockchain

Banks, Institutional Investors, and Individuals are all inclined to make the change come through the blockchain

All of the latest news on investments of key companies and banks in the crypto market during August 20 — 23, 2018 are in our Investment Digest.

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BitMart Labs Hosts China Digital Economy Global Innovation Forum, Dedicated to Boosting China’s Blockchain Market

On March 24th, BitMart Labs, an international blockchain incubator launched by BitMart Exchange, will host the China Digital Economy Global Innovation Forum and BitMart One Year Anniversary Convention in Shanghai, China. Sheldon Xia, Founder, and CEO of BitMart Exchange will attend the forum and speak on BitMart’s past success. Co-hosted by HPOOL, China’s largest hard drive mining pool, BN Capital, a well-known blockchain investment institution, and Windin.com, the new generation of finance information platform, this event features keynote speakers, BitMart Club opening ceremony, and the introduction of US Security Token Offering (STO) service launched by BitMart Exchange. This global forum The post BitMart Labs Hosts China Digital Economy Global Innovation Forum, Dedicated to Boosting China’s Blockchain Market appeared first on CCN
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China’s Controlled and Streamlined Governance Shows How Bitcoin Stands for Freedom

China, the world's most populated country is also a technology freak and known for its high level of technical incorporation in their daily lives. The country is so technology mingled that of the total 2 billion smartphones, two third of the total amount is used in China. Water Resistance might be a necessary feature for […]
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China Doubles Down Anti-STO Stance

No, thank you.Despite the digital securities sector’s rapid development, with on-going global acceptance being witnessed, China has taken a firm stance against the industry. They have just released a new document containing not only their stance on the industry, but risk tips for investors looking to avoid scams.This stance towards utilizing blockchain as a means of revolutionizing fundraising, comes in stark contrast to the nation’s past acceptance of the technology. China has been noted, over past years, to have implemented blockchain in various industries ranging from mobility to supply chain management.An Easy 1, 2, 3In this newly released document, the Beijing Internet Finance Industry Association closes their communication by indicating that their stance has been taken with a goal of creating a ‘positive and healthy financial ecological environment.’ With this in mind, they elaborate with three points, to ensure the safety of investors. The following are their paraphrased words of caution:All relevant institutions and individuals in Beijing, strictly abide by national laws, and jointly resist and prevent illegal fund-raising and dissemination activities in the name of “virtual currency”, “Blockchain”, “ICO”, “STO”, “Stable coin”, and other variants.Beware of wrongdoers using sophisticated names such as IFO, IEO to issue tokens, or under the banner of “sharing economy”, “evidence economy”, “crowdfunding”, “consensus economy” and so on, leading virtual currency hype.Retain a rational view of the blockchain. Do not blindly believe in the promise and hype. Establish a correct understanding of money and investment ideas, and effectively improve risk awareness.ReaffirmationThe aforementioned document, discussing the financial body’s stance on STOs, should come as no surprise. This is because this is not the first time the public has been cautioned about these fundraising methods. The document echoes the stance expressed by, not only the People’s Bank of China, but the Ministry of Public security, as well.Only months ago, we were reporting on the Beijing Municipal Bureau of Finance taking a firm stance against STOs. At the time, Chief of the MBF, Huo Xuewen, stated, “The ICO (initial coin offering) model is getting left behind for a new concept called STO. I want to issue a warning to anyone considering running an STO in Beijing…Don’t do it in Beijing – it is illegal. You can only engage in such activities with the approval from the government.”In Other NewsWhile the news discussed here today may be disconcerting, it is important to note that China remains an outlier. While there are many nations that have simply not established regulation towards STOs, there is an increasing amount that welcome them. Here are a few articles detailing STO friendly countries and their recent developments.The Best Countries to Launch Your Security TokenA Look at Europe’s Security Token LegislationThe post China Doubles Down Anti-STO Stance appeared first on Securities.io.
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