pictures are from the "Dede Think Tank" team of Visual China
Link Dede. It took two months to track and analyze the 2018 cryptocurrency market and business formats, and completed the production of "2018-2019 Cryptocurrency Market Annual Report: Reset Value Starting Point". The research team of Dede think tank collected, processed and analyzed more than 100,000 pieces of data from the global crypto industry, integrated more than 900 digital currency regulatory policies in 224 countries and regions around the world (defined by Baidu Encyclopedia), covering dozens of vertical subdivided fields. And combine the index, select twelve mainstream currency trading pairs on the leading exchange, and calculate the index through weighted methods to reflect the overall market trend and fluctuations.
This annual report presents the most intuitive 2018 annual industry report for investors and practitioners in the global crypto market, and provides exclusive and reliable data and trend references for the next stage of development. The full text of
is divided into six dimensions: global cryptocurrency market trend, TOP30 digital currency market value, global cryptocurrency policy, DApp development, mining status, and annual key events. The current development status and ecological layout of global blockchain in 2018 were reviewed and analyzed.
From February 2, 2019, Liandede will update the report trial reading chapter every day. This article is the brief version of the third chapter of "2018-2019 Cryptocurrency Market Annual Report: Reset Value Starting Point". Click the purchase link https://j.youzan.com/f_ZiN9 to read the full report content.
In 2018, the global digital currency market was ups and downs, and the entire crypto market value gathered more towards mainstream currencies. According to CoinMarketCap statistics, Dede Think Tank, as of January 9, 2019, the total market value of the global crypto market reached US$137.2 billion, of which the market value of the TOP30 digital currencies was US$121.4 billion, accounting for 92.43% of the total market value. At the beginning of 2018, the total market value of the crypto market was US$823.8 billion, and the total market value of the TOP30 digital currencies was US$741.3 billion, accounting for 89.98% of the total market value.
Dede Think Tank has conducted a comprehensive collation and analysis of the digital currency regulatory policies issued by 224 countries and regions in the world (defined by Baidu Encyclopedia) since January 1, 2018, restoring the global regulatory trend of digital currency. Overall, regulatory upgrading and standardization are the general trend. The regulatory policy in 2018 has the following characteristics:
1. Supervision is becoming stricter, global digital currency supervision is gradually standardized
2. Supervision is differentiated, Asian countries are more cautious about digital currencies than European and American countries
3. Relax supervision, and niche countries are making legal attempts
Basic Overview of Global Digital Currency Supervision
1. It is clear that the transaction is legal and that the law is established to regulate transactions. It represents the country for the United States and Japan.
. The first category is that the local government clearly states that the transactions of digital currency are legal, and at the same time, it is more or less established relevant laws to regulate it...
2. It is clear that the transactions are illegal, and that the transactions are strictly controlled. The second category is that the local government strictly controls digital currency transactions. It clearly stipulates that transactions are illegal, and that even the provision and use of digital currency will constitute a crime...
3. Partial restrictions on transactions are imposed, and that the country is China.
is that the local government has restrictions on some transactions involving digital currencies, and does not allow ICO or digital currency transactions in China, but does not restrict private holdings of digital currencies. The government is even considering...
4. It is not publicly legalized, remains neutral, representing the country as Malaysia
The fourth category is that the local government has not made a clear statement on digital currency transactions, neither restricting transactions nor publicly legalizing...
5. It has not commented yet. The fifth category of
is that it has not yet expressed its opinion or has no information verification.
supervision is becoming stricter, and global digital currency supervision is gradually standardized
According to statistics from Dede Think Tank, as of December 31, 2018, among the 224 countries and regions that are counted around the world, 98 countries and regions (or 43.75%) have proposed corresponding policies for the supervision of digital currencies. Among them, 62 (or 27.68%) have made clear that transactions are legal, and laws such as anti-money laundering and taxation have been gradually established to enter compliance supervision; 5 (or 2.23%) have made it illegal for transactions and strictly controlled digital currency transactions; 7 (or 3.13%) have restricted some transactions; 24 (or 10.71%) remain neutral, and the remaining 110 countries and regions (or 56.25%) have not made clear statements.
This also means that more than half of the countries and regions around the world have not made any statements on digital currency transactions.
In countries and regions that have already expressed their views, standardization has become the top priority of supervision, and the definition of qualifications, anti-money laundering, taxation, digital assets and their corresponding laws are being improved.
Take the United States and Japan, which have relatively leading legislation as an example. In March 2018, the US Securities and Exchange Commission (SECh) issued the "Statement on Possible Illegal Digital Asset Trading Platforms", confirming that digital assets belong to the securities category...
htmlOn May 7, the Japan Financial Agency (FSA) issued new regulatory requirements...It is worth noting that on November 1, the Hong Kong Securities Regulatory Commission of China stated that it will launch a "sandbox" (sandbox) plan for the virtual currency trading platform...
Overall, although the current supervision of digital currencies in various countries or regions is still in the exploration stage, and its regulatory details are also different according to national conditions, but the stricter supervision and gradual compliance have reached a consensus among countries.
regulatory differentiation, Asian countries are more cautious about digital currencies than European and American countries
From the perspective of clarifying that transactions are illegal or partially restricted, Asian countries are more cautious about digital currencies than European and American countries.
In August 2018, Vietnam National Bank (SBV) warned the public that digital currency is not a legal currency in Vietnam and that it is prohibited to issue, use and supply of digital currencies. According to the new Vietnamese criminal law, providing and using illegal payment methods can also be a criminal act.
In April 2018, the Bank of India announced that it would prohibit entities regulated by the central bank from processing and providing services and settlement of virtual currencies to any individual and corporate entity. If such services have been provided, they must be terminated within a certain period of time...
is different from Vietnam's comprehensive ban. After India banned enterprises from providing virtual currency services, it established a review team in October 2018, hoping to launch its own digital currency...
relaxes supervision, and niche countries make more legal attempts
According to Dede Think Tank, although most national regulatory agencies have not made any statements on the emerging category of digital currency, among the many countries that legally promote digital currency regulation, some niche countries still perform well.
Malta: From early February 2018 to the present, the Malta government has been committed to promoting the implementation of the Digital Currency Act, namely the MDIA (Malta Digital Innovation Bureau) Bill; the TAS (Technical Service Providers Act) Bill; and the VC (Virtual Currency) Bill. In May, the Maltese government issued three new bills, namely the Virtual Financial Assets Act, the Malta Digital Innovation Act, and the Innovation Technology Arrangement and Service Act. In August, the Malta Financial Services Authority issued the "Virtual Financial Asset Management Manual", which includes supervision of virtual financial asset issuers. The management manual includes: rules for virtual financial asset agents; rules for virtual financial asset issuers; and rules for virtual financial asset service providers.
Venezuela: On February 21, 2018, Venezuela officially issued the cryptocurrency " Petroleum Coin ". On August 17, Venezuelan President Maduro announced that the oil currency will serve as the country's international accountancy unit in the future. On November 5, oil coins were officially sold publicly and will be traded and circulated in six mainstream international virtual currency exchange houses. In the same month, the Venezuelan parliament passed a crypto asset regulation bill that gives petroleum coins legal effect, allowing them to be used in all domestic commercial transactions, including the purchase and sale of goods and services.
Mongolia:In July 2018, Mongolia established the National Blockchain Digital Asset Exchange (MDEX), becoming the first blockchain digital asset exchange named after the country and has a financial license issued by the state... (This article is the brief version of the third chapter of "2018-2019 Cryptocurrency Market Annual Report: Reset Value Starting Point", click the purchase link https://j.youzan.com/f_ZiN9, read the full report content.)
Dede Think Tank counted nearly 1,000 digital currency regulatory policies issued by 98 countries and regions around the world in the appendix, and sorted out the 10 most influential regulatory policies of the year.
1. Venezuela issued oil coins and defined them as official digital currency. In January 2018, Venezuelan President Maduro said he had ordered the first batch of 100 million digital cryptocurrencies "oil coins" to be issued in the near future. On February 21, Venezuela officially issued the cryptocurrency "Petroleum Coin". On August 17, Venezuelan President Maduro announced that the oil currency will serve as the country's international accountancy unit in the future. In November, petroleum coins were officially sold publicly and allowed to be used in all domestic commercial transactions, including the purchase and sale of goods and services.
2. Malta proposed a new bill on the regulation of digital currency and announced three legislations. On February 19, 2018, the Malta authorities released new policy documents to further implement the plan details of the digital currency regulation. In the first phase, the government will establish the Malta Digital Innovation Bureau to provide service provider registration and technical agreement certification services; in the second phase, another draft will regulate the ICO framework, and the third bill will strengthen the supervision of services directly related to digital currencies. Intermediaries such as brokers, exchanges, digital wallets, asset managers and investment guarantors will be subject to relevant provisions. In May, the Maltese government issued three new bills, namely the Virtual Financial Assets Act, the Malta Digital Innovation Act, and the Innovation Technology Arrangement and Service Act.
3. The US Securities and Exchange Commission launched an investigation into cryptocurrency and ICO, and has issued dozens of subpoenas. On March 1, the U.S. Securities Regulatory Commission (SEC) issued dozens of subpoena to technology companies and consulting companies related to popular digital tokens, requesting information. Subpoena content includes information on the structural information of the ICO token offering and pre-sale. In the same month, the SEC issued the "Statement on Possible Illegal Digital Asset Trading Platforms", confirming that digital assets fall into the scope of securities, so the exchange must register or obtain a license with the SEC.
4, 8 orders were issued in succession, Japan's Financial Services Department cleared the virtual currency trading market...
5, Zimbabwe Central Bank ordered bans all digital currency transactions, and the Supreme Court announced the revocation of the ban in the same month...
6, South Korea's Financial Services Commission disclosed a new regulatory framework for the crypto industry...
7, law provides possibilities, Costa Rican employees are expected to receive digital currency compensation...
8, the US Securities and Exchange Commission rejects the listing application for nine Bitcoin ETF...
9, Hong Kong Securities and Exchange Commission releases new regulations on virtual currency plans to carry out " sandbox" management on the exchange...
10, Singapore Monetary Authority releases compliance guidelines on the ICO project...
Dede Think Tank combines the TOP 10 regulatory policies with Bitcoin price trends as shown below, in order to restore the impact of global digital currency regulatory policies on Bitcoin prices.
Although the digital currency market has fallen into a price winter, the introduction of regulatory policies in various countries is in full swing. But it is precisely because of the importance of digital currency that governments in various countries will standardize legal formulation based on national conditions, rather than simply exclusion... (This article is the brief version of the third chapter of "2018-2019 Cryptocurrency Market Annual Report: Reset Value Starting Point". Click the purchase link https://j.youzan.com/f_ZiN9 to read the full report content.)
More exciting content, follow Titanium Media WeChat ID (ID: taimeiti), or download Titanium Media Appp
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-