What is the latest cryptocurrency (latest cryptocurrency policy)
What is the latest cryptocurrency? What are its characteristics? Its basic feat
What is the latest cryptocurrency? What are its characteristics? Its basic features are: 1. No centralized institution in use; 2. Different from traditional financial instruments, they exist based on distributed ledger technology; 3. Relatively low transaction costs; 4. High anonymity and cannot be manipulated; 5. Easy to trace, ensuring asset security and immutability. These advantages have led to rapid growth in mainstream currencies, surpassing the bull market in 2017. This indicates that people have a positive outlook on new tokens. However, it is important to note that new tokens are not truly blockchain projects or virtual products, but rather a combination of emerging technologies.
Latest cryptocurrency policy
The director of the Digital Currency Research Institute of the People’s Bank of China, Mu Changchun, recently stated at the “2019 China Finance Forty Forum” that the research and development of China’s legal digital currency is still in the early stages. If the research, development, testing, and application of CBDC led by the central bank continue to be promoted, it will have a positive impact on the development pattern of domestic and international dual circulation. “With the steady progress of the pilot work on China’s legal digital currency and the gradual release and development of related research results, the ‘state-supported digital currency (DC/EP)’ is expected to accelerate the formation of economies of scale.”
According to previous reports, on August 27, 2019, the General Office of the State Council issued the “Opinions on Accelerating the Promotion of Blockchain Technology Application and Industry Development.” The opinions propose strengthening the integrated innovation application of new generation information technologies such as blockchain, and promoting the orderly flow of data factor markets. The “Opinions” clearly state the need to strengthen the construction of market infrastructure and guide enterprises to use modern technology reasonably to carry out new business activities; further deepen cooperation with the Digital Currency Research Institute of the People’s Bank of China, explore application models based on new information technologies such as blockchain, and improve fund management efficiency. (Sina Finance)
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