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 Click on the blue words "Shilian Finance" above to follow us  Source: Tiantian Toutiao China’s approach to regulating blockchain and cryptocurrencies has not gone unnoticed, and has caught the attention of Ripple CEO Brad Garlinghouse. Garlinghouse said China is ahead of the United States when it comes to regulating this disruptive industry.  Ladd Garlinghouse His comments come as the superpower begins trials of its own central bank digital currency. Similarly, infrastructure construction based on blockchain is also in full swing in places such as Hangzhou, Shenzhen and Hainan.  China’s Blockchain Dominance At the Chamber of Digital Commerce Parallel Summit on July 17, Ripple’s co-founder expressed his appreciation for China’s efforts in digital currency and blockchain regulations.  “In a way, I'm in awe of it," Brad Garlinghouse said during the conversation, adding, "In fact, these technologies may be very important to the way the financial system works in the future, and they want to ensure that these technologies have core functions. ” To explain the problem, Garlinghouse pointed to China’s control of the Bitcoin and Ethereum network hash rates. He said Chinese miners currently dominate the Bitcoin and Ethereum network hash rates.  A mine in China Chinese regulations can help. Garlinghouse also explained how clear regulation of Internet technology in the United States helped the field emerge in the early 1990s and made it a leader in the field. He said: "Twenty-five years ago, the United States was an excellent leader in the development of the Internet to what it is today, partly because of regulatory transparency. ”He called on the country’s regulators to provide clear information to blockchain entrepreneurs. This will help in the development of this field.  When it comes to Asia, Garlinghouse said that Thailand, Malaysia, Japan, and most recently India are developing regulatory frameworks for the development of digital currencies and blockchain, which will help these countries gain an advantage in this field. Global Blockchain Center Recently, China's rapid development in this field has also provided impetus for my country to realize its grand vision of becoming a "global blockchain center" by 2022. Last week, Suzhou’s blockchain system powered more than 140 public government service agencies. Two weeks ago, Zhejiang New Area laid the foundation for its ambitious Blockchain Service Network (BSN). Applications include providing "convenient" and low-cost one-stop "blockchain ecological services" to individual users. This development is known as the “Blockchain Internet.”  Meanwhile, Ripple co-founder Chris Larsen has also praised China's efforts in the past. "China is way ahead of us," he said, noting that China has $1.4 trillion to develop new technologies such as blockchain.  This article only represents the author's views and does not represent the official position of Shilian Finance  Highlights from past issues 1. Follow-up to a large-scale attack on Twitter: Bitcoin is lying, hackers may have other plans 2. Twitter was attacked by a large-scale hacker to defraud Bitcoin, and many American politicians and celebrities were implicated 3. A beach town in El Salvador uses Bitcoin as currency, and you can use it to buy anything 4. Bitcoin computing power reaches a new high, and top analysts predict that the price of BTC will rise accordingly 5. Hot topics || Binance acquires Swipe at a non-public price! Will the tripartite situation of exchanges change? Contact us Business cooperation WeChat: juu3644 (media publicity, full case promotion, project incubation, community operations, exchange listing, conference activities) Shilian fan group WeChat: qia3867 (Shilian fan group provides benefits such as airdrops of candy) News breaking WeChat: zefmk896 (welcome to provide valuable news clues)   |
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