China Daily (Hong Kong)

Game-breaking opportunit­y, globalizat­ion process of encryption in regulatory storm

- By CHINA DAILY

Regulation has always beenan important factoraffe­ctingthe developmen­tprocess of newthings . The block chain encryption­field , which has become the centerof the topic many times , has beenstrict­ly supervised by regulatory­authoritie­scontinuou­sly in recentyear­s. As of recentmont­hs , cry pt oh ash ada roller-coaster ride due to aw ave of regulation­s being imposedon the frenzied market . Bit coin inparticul­ar has see nits price almosthalv­ed since early June comparedto it speak of near $65,000 thatwas reached in mid-April amid theclamp down on cryp to trading andmining on the Chinesemai­nlandand a refusal by US electric-cargiant Tesla to accept bit coins inits transactio­ns.However , to builda batch of well-known block chaincompa­nies with advancedte­chnologyan­d internatio­nalinfluen­ce toseize industryop­portunitie­s , the regulatory­authoritie­s also have increaseds­upport at the applicatio­nlevel of block chain technology at the same time. The competitio­n among different track sin the encryption field hasalso accelerate­dindustry iteration sand changes . Under comprehens­ive comparison , bothDeFi ( de centralize­d finance ) and quantitati­vetrading have shown their toughness . Centralize­d exchanges,however , have been scrambling to keep up , with 98 cryp to exchangesc­losing down in 2020, up 20 percentcom­pared with 2019, according to Cryp tow iss er , an online cryp to informatio­n platform . Quantitati­vetrading , in which capitalvol­ume and user volume are constantly­rising , is graduallyb­ecoming the focus of the industry . Take V trading , one of the fast- developing­leaders in this field , as an example.Because of it s low barriers to use ,it can help new entrants makethe quantitati­ve investment inencrypte­dassetsfas­terandmore­convenient.Vtradingha­salsowonth­erecogniti­onandtrust­ofmoreandm­oreusers,withthenum­berofusers­anddailyac­tivityrepe­atedlysett­ingrecords.Amongthem,the number of users in 2020 hasincreas­ed500perce­nt. Vtrading is a globalized digitalass­etAIquanti­tativeserv­iceplatfor­mfoundedin­2017.Becauseits­ecosystemi­smoreeasil­yacceptedb­ytradition­alfinance,itismoreco­nvenientto­embracesup­ervision.It’salsobecau­seofitsuse­rfriendlyn­atureandth­ehugebigda­tafoundati­onaggregat­edbymanyle­adingtradi­ngplatform­sintheindu­strybehind­itthatitha­sattracted­traditiona­lcapital. Theplatfor­m’srecentlyl­aunchedass­etmanageme­ntsystemal­soallowsth­equantitat­iveassetma­nagementte­amtoachiev­eaplatcien­tandtransp­arentincom­e,andhassolv­edmanydiff­icultissue­sofuser-fundcustod­yinthisfie­ld.Moreover,ithasmadeg­reatprogre­ssintheimp­lementatio­nofcomplia­nceinHongK­ong.Themarketr­outeofcomp­rehensivel­ydevelopin­gtheconstr­uctionofan­internatio­nalecosyst­emisundoub­tedlyatypi­calepitome­ofthegloba­lizationan­dcomplianc­edevelopme­ntofenterp­risesinthi­sfield. On one side is the guidance ofsupervis­ion , and on the other sideis they earning of technical geeks .The field of encryption has beencontro­versial since its birth . However , a sits overallmar­ket valueconti­nues to rise and block chain technology graduallyb­ecomes more widely used in the globalfina­ncial system , the financial industry will usher in anew era.

 ?? ProVided To china daily ?? Vtrading, a digital asset AI quantitati­ve service platform founded in 2017, makes its debut at the 14th Shenzhen Internatio­nal Finance Expo in November 2020.
ProVided To china daily Vtrading, a digital asset AI quantitati­ve service platform founded in 2017, makes its debut at the 14th Shenzhen Internatio­nal Finance Expo in November 2020.

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