digital currency in an intergalactic civilization
Data privacy of collaborative computing. Zero knowledge proof algorithm is used to protect transaction identity and privacy of transaction content, and homomorphic encryption algorithm is used to build full encryption network. Dr. Zou Chuanwei, chief economist of Wanxiang blockchain, said in the public payment course "about the central bank's digital currency DCEP", DC / EP will not pose a major impact on third-party payment. In DC / EP, the people's Bank of China will give the payment path, payment conditions and commercial application above to the market on the basis of good technical standards and application specifications. Although DC / EP is different from the third-party payment from the perspective of payment and clearing infrastructure, the penetration of third-party payment to various adigital currency in an intergalactic civilizationpplication scenarios and the established collection system can play a positive role in the application and promotion of DC / EP.
At the same time, it will continue to assist cities and state governments at all levels in the United States to formulate relevant laws and regulations for the blockchain industry and promote the application of encrypted digital economy. Cred said the addition of mayor ally Medina will help cred accelerate a number of key businesses, including global merchant solution, a global merchant payment solution based on LBA token, launched last month. According to the data of block123.com, cred is an open financial ecosystem of encrypted digital currency based on blockchain technology. Cred has reached cooperation with a number of industry-leading companies and commercial insurance institutions. Cred's financial service products have landed and covered users in 183 countries around the world.
Facebook Libra also pladigital currency in an intergalactic civilizationns to launch more stable currencies to anchor a basket of assets, but the projects have not yet been approved by regulators since they were announced.
According to the China Securities Daily, the police cracked down on the fraud of illegal digital money exchange BISS and arrested dozens of suspect. This action is aimed at deterring illegal organizations and alarming the investors. In order to prevent the resurgence of illegal financial activities in virtual currency transactions and effectively protect the interests of investors, according to the work deployment of the National Leading Group Office for Internet financial risk remediation, the local financial supervision bureau and the PBC Business Management Department adhere to the principle of "hitting the ground" on the above illegal financial activities, and continue to maintain a high pressure situation of supervision The Internet emergency centers will conduct a comprehensive search and arrangement of virtual currency trading places and other organizations within their jurisdiction. Once found, they will seriously handle them in accordance with the relevant provisions such as the announcement on preventing the financing risk of token issuance.
The Central Bank of the Bahamas has announced that its legal tender, sanddollar, is now available nationwide. Lianwen previously reported that the Central Bank of the Bahamas began to pilot sanddollar, a digital currency project linked to the Bahamas dollar, on December 27, 2019 in the island of exsuma. Sanddollar is a digital version of fiat money and is not a competitor to cryptocurrency, stable currency or fiat currency. In July this year, the Central Bank of the Bahamas said that it would be committed to building the CBDC payment function of the central bank into mobile phones or smart cards in the next few years, and planned to build it into a more disaster resistant retail payment system to cope with the instability of banks and padigital currency in an intergalactic civilizationyment systems in the context of emergencies such as hurricanes and epidemics. In August, the Central Bank of the Bahamas included its digital currency, sanddollar, on its balance sheet in its annual financial statements. The central bank said it had put $48000 worth of sanddollar into circulation.