The Russian State Duma (house of Commons of the Federal Assembly) updated the draft bill on digital financial assets and some other documents related to encryption regulation, and publicly consulted. The bill would ban the circulation, exploitation and public offering of all cryptocurrencies. Those who violate the relevant regulations will be punished by law. Anatoly aksaksakov, a member of Russia's State Duma, said Russia's new encryption law would not take effect until this summer. There will be no digital currency platform in Russia. However, blockchain technology itself is still feasible. Forbes said the new law does not mean that Russians cannot legally own digital financial digital currency company logosassets. The Russian central bank has not yet introduced the rule (Draft).
It conducts transactions on more than 60 electronic trading platforms across 15 countries, and has branches in Taipei, Seoul and Vancouver, providing 24-hour services for more than 200 well-known large-scale institutions. At present, the total amount of transactions across asset classes has exceeded US $200 billion, with an average daily turnover of US $100-200 million. Ambergroup is committed to serving global users with innovative science and technology, combining high-tech such as artificial intelligence, big data, blockchain and other high-tech with precise quantitative research to apply it to the crypto financial ecology, so as to help global users integrate into the intelligent crypto financial world more efficiently and flexibly, and continue to create long-term value for it. In 2019, ambergroup completed the financing of US $28 million, led by paradigm and Pantera, with famous investment institutions such as polychain, dragonfly, fenbushi and coinbase. Former Morgan Stanley executive Jeffrey Wang will become ambergroup's head of America, responsible for the management of the company's trading team in North America, the maintenance of us and Canadian customers and business development. Prior to joining ambergroup, Jeffrey Wang was head of Asia Pacific Trading for Morgan Stanley G10 foreign exchange, interest rate and derivatives markets. He worked for HSBC for many years, managing a number of trading businesses including G10 and foreign exchange options in emerging markets.
Force protocol force protocol the force protocol is a blockchain open financial platform supported by well-known investment instidigital currency company logostutions such as ICBC capital and Bawei capital, which is built for the application of distributed financial services. By abstracting and encapsulating the distributed financial business process, the one-stop solution is used to enable decentralized financial application development in the form of SDK and API. It provides an open platform for decentralized application development such as decentralized lending, stable currency, bonds and derivatives trading. More forTube liquidity mining will officially open at about 11:00 a.m. on August 4, 2020, with a starting block height of 10591168 and an end block of 10637168. The first round of mining is divided into wind, forest, fire, mountain four rounds, 7 days for a mining round, a total of 28 days. The mining method is deposit mining, users only need to deposit the mining currency supported by the platform, and they can get for as reward. The deposit of digital currency has no lock period and can be taken as soon as it is deposited. The mining income is calculated dynamically. The reward for each block of the [wind] round mining is 100 for. 40for is assigned to HBTC pool, 40for to usdt pool and 20For to busd pool.
According to finance magnates, Saudi Arabia and the United Arab Emirates will start the development of digital currency, which is expected to be used for bank to bank transactions between the two countries. Saudi Crown Prince Mohammed bin Salman recently visited the UAE to sign an agreement with Sheikh Mohamed bin Zayed, crown prince of Abu Dhabi, including an agreement between the UAE central bank and the Saudi Arabian Monetary Authority (SAMA) to introduce an inter-bank digital currency scheme. The digital money project, named ABER, was launched earlier this year to reduce the cost of remittances between banks in neighboring countries.
The Singapore tax authority has published the draft of the tax scheme for payment digital currency, which suggests that consumption tax (GST) should be exempted from the supply chain of payment digital currency from January 1, 2020. The draft will continue to be consulted from now until July 26. According to the current policy of Singapore, the supply of payment digital currency, the supply of taxable services, and the sales, issuance and transfer of digital payment currency by enterprises are subject to consumption tax. However, when these payment digital currencies are used to purchase goods andigital currency company logosd services, they will have to pay consumption tax again, resulting in double taxation. Therefore, it is suggested that the payment type of digital currency should be subject to consumption tax Money supply is exempt from consumption tax.
At present, the legal currencies supported by sebabank include Swiss franc, US dollar, British pound, euro, Hong Kong dollar, Singapore dollar and Polish zloty, while the supported cryptocurrencies include BTC, ETH, LTC, XLM, BCH and usdc. After obtaining the banking and securities dealer license issued by FINMA, sebabankag announced to start its business on November 12, 2019, and expanded to Hong Kong, the United Kingdom, Germany, France, Portugal, Singapore, Italy, Austria and other countries only one month after the launch.