Regulatory Policy

Focuses on global regulatory developments, policy changes, and compliance requirements. It provides in-depth analysis of government regulations and their impact on the cryptocurrency and blockchain industries, helping businesses and investors proactively manage policy-related risks.

Web3 Entrepreneurship in Mainland China: What Can and Cannot Be Done?

Summary: Under China's current legal and regulatory framework, Web3 entrepreneurship is possible but must avoid activities related to issuing tokens, speculative trading, fundraising, or operating exchanges. The article outlines four viable paths: 1. **Pure Technology & Infrastructure**: Developing blockchain as a distributed database or collaborative tool for enterprises and governments, focusing on data verification, supply chain coordination, and judicial record-keeping without financial incentives. 2. **De-Financialized Digital Assets**: Creating non-fungible tokens (NFTs) as digital collectibles, membership passes, or copyright certificates—emphasizing utility over investment value and avoiding secondary market trading. 3. **Compliance & Risk Management Services**: Providing legal, regulatory, and analytical support for Web3 projects, including anti-money laundering measures and chain monitoring, which are increasingly essential as regulations evolve. 4. **Overseas-Centric Operations with Domestic Support**: Structuring projects so that technical development, research, and backend services are handled in mainland China, while financial aspects (e.g., token issuance, trading) are managed by compliant entities abroad. The author stresses that success depends on treating Web3 as a tool rather than a financial instrument, avoiding public promotions of crypto investments, and ensuring clear legal boundaries to sustain long-term operations.

marsbit12/26 07:15

Web3 Entrepreneurship in Mainland China: What Can and Cannot Be Done?

marsbit12/26 07:15

Will the United States Use Encryption Technology to Resolve the 37 Trillion Dollar Debt Crisis?

The article explores the United States' potential use of cryptocurrency and stablecoins to manage its $37 trillion national debt, as suggested by a senior advisor to Russian President Putin. The core idea is that the U.S. could leverage its control over the global reserve currency to "export" inflation and effectively devalue its debt through digital asset systems, forcing other nations to bear the cost. This would not involve direct default but rather a strategic devaluation via monetary expansion, a historically common tactic. Stablecoins, backed by U.S. Treasury assets, could distribute this debt globally. As adoption grows, losses from dollar inflation would be shared by all stablecoin holders worldwide, not just U.S. citizens. This system offers the control of a central bank digital currency (CBDC) without the political baggage. However, trust remains a critical issue: stablecoin reserves cannot be fully independently audited, and the U.S. could unilaterally change rules, as it did when decoupling the dollar from gold in 1971. While a direct government move—like selling gold to buy Bitcoin, as proposed by MicroStrategy’s Michael Saylor—is unlikely, the U.S. may instead allow private companies to lead the adoption. Firms like MicroStrategy accumulating Bitcoin could serve as a backdoor for eventual state interest. The article concludes that some form of digital asset strategy to address the debt crisis is probable, though it may unfold gradually and discreetly.

比推12/25 14:48

Will the United States Use Encryption Technology to Resolve the 37 Trillion Dollar Debt Crisis?

比推12/25 14:48

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