I know it every day.

I know it every day.

1. The Korean Parliament will discuss regulations on blockchain and digital currency in September.
   
   According to the Korean media decenter report, the South Korean National Congress will hold a "Global Conference on Blockchain and Digital Currency" on September 18th to discuss the regulations on blockchain and digital currency. People familiar with the Congress said that there was no progress at the G20 meeting because of the fierce debate among various government departments, and specific regulations will be put forward at the September conference, and will be actively discussed under the guidance of Swiss FINMA. ICO guidelines.

2. Romania drafts digital currency regulations

According to a report by coindesk citing local news media Business Review on Thursday, Romania has drafted an emergency decree for the issuance of the ICO. The draft was issued by the Romanian Ministry of Finance and the team that wants to start token sales must verify its tax and legal records, and each member of the distribution team must also be approved by the National Bank of Romania (BNR). If approved, BNR will become the sole authority for the country's token sales.

BNR claims that it will be authorized when it finds that the applicant has a “formal framework for managing well-designed e-currency issuance activities”. The draft decree also defines cryptocurrency, which the government considers to be “the value of the currency stored in electronic form, including magnetism, on behalf of the issuer’s claims for payment transactions when the funds are received, and may be issued by the issuer. People accept."

Once in effect, the authorization will only last for 12 months. If the issuer does not issue cryptocurrency before the deadline, it will lose its authorization. In addition, the issuer also needs to conduct an annual audit and submit its account activities to the BNR. Any unauthorized cryptocurrency is considered a “crime” and the issuer will be sentenced to imprisonment or a fine of 6 months to 3 years.

1. Western Union and Russia Post Bank opened digital currency cross-border transfer business

Recently, Western Union announced that it has opened a digital currency transnational transfer business. Through the mobile banking app of the Russian Post Bank, you can transfer money from Western Union's remittances directly to more than 50 countries around the world. In June, Western Union CEO Hikmet Ersek said that it will not add digital currency transfer solutions to global remittance services in the near future.

1. The Korean government first regarded the digital currency exchange as an "industry"

According to the Korean media thebchain news, the Korean government will publish ten industry classification standards for blockchain and digital currency, including blockchain system construction, digital currency trading, and distributed application (DApp) development. The digital currency exchange will belong to the category of “transactions or intermediaries of encrypted assets”, while blockchain projects such as EOS and ETH will be attributed to the “software development or supply based on blockchain system” category. Since June, most Korean government agencies, including the Statistics Bureau and the Ministry of Science, Technology, and Information Technology, have jointly designed the “blockchain technology industry classification scheme”.

1. Du Jinfu, member of the China Banking Regulatory Commission: It is difficult to solve the chaos in the digital currency market without rationalizing the innovative and innovative financial system.

Du Jinfu, member of the Party Committee of the China Banking Regulatory Commission, published an article entitled "Digital Currency Issuance Theory and Path Selection" in China Financial Journal. He believes that at present, strengthening research on emerging technologies such as blockchain is very important for digital currency issuance and virtual currency management, but more importantly, the financial system related to digital currency issuance. While the technical foundation is important, it is difficult to solve the current chaos in the digital money market if the innovative financial system is not rationalized.

1. Xue Manzi: Will distribute pirate coins in 15 countries in the Caribbean

Recently, in the "2018 TokenSky Blockchain Conference", Xue Manzi said that many underdeveloped countries are likely to use the blockchain technology to overtake the corner. He will distribute pirate coins in conjunction with various Caribbean countries. He said that inflation in the Caribbean is highly serious and there is a strong demand for the issuance of sovereign digital currencies, optimistic about this trend. Regarding the regulatory issues of various countries, he feels that the more developed countries are more and more urgent, the more they are willing to try, and the developed countries are more cautious.

1. Fcoin shutdown maintenance and expansion upgrade

Fcoin announced that Froin plans to perform emergency shutdown maintenance at 00:30 on July 6, 2018 in response to the recent surge in subscribers. Maintenance time is estimated to be three to four hours. FCoin will suspend service during this time.