Li Lihui, head of the blockchain of China mutual Gold Association and former president of Bank of China, delivered a speech entitled "national strategy and legal digital currency" at the refintech financial technology summit. In his speech, he said that China's central bank adopts a double-layer operation and delivery system for digital currency, inheriting the indirect issuance mode. Compared with the direct mode of central bank public, the indirect issuance mode of central bank commercial bank public has the following advantages: first, the central bank can have the absolute power and abimodi digital currencylity to control the money market, and can directly absorb public deposits, which will limit the initial credit capacity of commercial banks. Second, we can inherit the leading monetary market operation mechanism and monetary policy transmission mechanism.
Wang Xin, director of the Research Bureau of the people's Bank of China, said at the first symposium of the open research program on digital finance that the central bank is highly concerned with the research and development of financial technology applications. Topics worthy of further study in the next stage include: Libra Libra mission is to establish a simple, borderless currency and financial infrastructure for billions of people. They are striving to create a new decentralized blockchain, a low volatility cryptocurrency and a smart contract platform, in order to open up innovative opportunities for responsible financial services innovation. They believe that more people should have access to financial services and cheap capital, and that everyone has the inherent right to control the fruits of their legitimate labor. They believe that open, immediate and low-cost global currency flows will create great economic opportunities and business value for the world, and that people will increasingly trust decentralized management. The global monetary and financial infrastructure should be designed and managed as a public good. Everyone has a responsibility to help promote financial inclusion, support users who abide by Internet ethics, and continue to maintain the integrity of this ecosystem.
It aims to build a more global, free and reliable internet. Ethereum Ethereum Ethereum Ethereum Ethereum cerc20erc721ercethereum view more, proving that Ethereum plays a certmodi digital currencyain role in the construction of this patented technology. Christopher Giancarlo, former chairman of the Commodity Futures Trading Commission, commented that the patent application proves that private companies are also working for the future of digital currency.
The Ministry of economic development of Italy has launched a public consultation on the adoption of distributed ledger Technology (DLT) and blockchain in banking, finance and other fields to establish the relevant legal framework.
Genesis capital, a cryptocurrency lending service, released its second quarter operating report, which showed that the company's spot trading volume reached $5.2 billion, up $1.2 billion from the first quarter. In terms of loan business, loans increased by more than 2.2 billion US dollars, an increase of 324% over the same period of last year, reaching a quarterly high. The outstanding active loans increased by 118% compared with the first quarter, and the cumulative loans increased for the ninth consecutive quarter. Since March 2018, the total amount of loans issued has reached $8.4 billion. Michael Moro, chief executive of Genesis, said the desire to generate digital currency yields in the form of spot modi digital currencyloans, call options and liquidity mining based on the defi agreement was unprecedented. All this shows that market participants are looking for various rigorous methods to generate returns consistent with their risk preference. In 2018, genesis launched its lending business, genesis capital, to provide a platform for digital currency lending. In May, genesis launched its derivatives trading business.