1.The US Senate will hold a hearing on “Review of the regulatory framework for digital currency and blockchain” on July 30th.
According to official sources, the US Senate Bank, Housing and Urban Affairs Committee will hold a hearing entitled “Review of the regulatory framework for digital currencies and blockchains” on July 30, local time. Witnesses include: Jeremy Allaire, Circle Co-founder and CEO of the Blockchain Association, Rebecca M. Nelson, Congressional Trade and Finance Specialist, and Mehrsa Baradaran, Professor of the University of California.
2.Beijing will implement a work plan for accelerating the construction of application scenarios, focusing on promoting the application of new technologies, new products and new models such as blockchain.
According to the Beijing News, on the morning of July 25th, the 14th meeting of the Standing Committee of the 15th National People’s Congress heard the “Report on the Implementation of the 2019 National Economic and Social Development Plan of Beijing in the First Half of the Year”. Beijing will implement a work plan for accelerating the application of construction scenarios, focusing on the application of new technologies, new products and new models such as artificial intelligence, blockchain and cutting-edge materials, and do a good job in the construction of the first 10 scientific and technological innovation application scenarios to better promote the transformation of scientific and technological achievements and industry. Chemical.
3.McKinsey: Blockchain can save about $4 billion annually in cross-border payments
According to the Securities Times, at present, all cross-border payment service entities have not solved the problem of centralized control and slow payment processing. Therefore, the use of blockchain technology to innovate digital currency has become a key force for technology and financial enterprises to attack. In addition to the global network social giant Facebook released the digital currency Libra and the creation of the Calibra digital wallet and publicly stated the purpose of fast and convenient cross-border payment, Visa, the world’s largest credit card company, also launched Visa B2B Connect. Business-to-business cross-border payment market, while Visa’s direct competitor, the world’s second largest credit card issuer, MasterCard also created its digital currency BitCardTour.
4.South Korean President Wen Zai: It is important to develop new regulatory methods for new technologies such as blockchain
According to Cointelegraph on July 24th, the South Korean President emphasized the importance of a new regulatory approach based on Busan’s choice of new technologies such as blockchains as unregulated areas. South Korean President Wen Zai said that the regulatory innovation of blockchain technology is now a problem of survival. Creating practical use cases for protecting personal data for blockchain will help South Korea to have greater international influence, and the application of blockchain in the financial sector will greatly help revitalize the local economy.
5.Sun Yuchen: Cancel the lunch meeting with Buffett due to physical discomfort
Sun Yuchen said on Weibo: I was in the hospital for sudden kidney stones, and I canceled the lunch with Mr. Buffett for some reason. At present, the physical condition is all stable and in the recovery period. I cannot accept the interview. Please forgive me. After the recent physical recovery, you will soon meet the outside world. The donation to the Glide Foundation has been completed and is still valid.
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