Opportunity] Preferential Treasure | A blockchain technology to ignite the center of the e-commerce platform

Edit: pencil casen
The era of mobile Internet brings a surge of wind and cloud surging for the e-commerce industry. In recent years, the e-commerce industry has witnessed great changes in terms of big data, mobility and socialization, personalization and customization, or decentralization and intermediation Are very significant. According to statistics, by the year 2017, the size of the global e-commerce market has risen to 25 trillion U.S. dollars. The countries that are pre-eminent in the global market are dominated by the U.S., China and Japan. The size of e-commerce marketing vouchers and market points Up to 2 trillion U.S. dollars. This shows that the development of e-commerce industry can not be underestimated, then the high-profile investment in blockchain technology will bring opportunities?n
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1. Blockchain in the field of e-commerce core trends and development potentialn
Blockchain technology is a new type of decentralized distributed ledger with the absolute advantage of securely storing transaction data and information that can not be tampered with and provides a brand new way of thinking and implementation for the current electronic discount and point coupon system The possibility of.n
As far as China’s domestic market is concerned, the high penetration of mobile Internet, both points and coupons, are highly marketing functions. Based on the e-commerce perspective, like the coupon credit integration system, it is a promotional form whose price is obviously higher than the price cut. It has the extremely high penetration rate of mobile Internet in the Chinese market, which has given more marketing coupons and points Features. For users, save time and energy projects are even more lovable.n
Based on the above several major backgrounds, the preferential Treasure project should come into being. The project to combine the most Chaoyang hot blockchain technology and e-commerce marketing system for the purpose, is committed to creating a similar to Ethereum’s public chain platform. Coupons will be between different platforms coupons and points to achieve circulation, and the use of blockchain open and transparent nature of decentralized marketing services to address the traditional marketing platform for information asymmetry and induced fraud, so that businesses and their Products to a higher rate of promotion, allowing users to be more secure, affordable consumer channels, and then build a more complete large ecosystem.n
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2. Po Po project to solve the pain pointsn
Coupons real-time tracking – coupons and hedgingn
Each merchant can use the blockchain browser to track the transaction information of merchandise, and monitor the dynamic of electronic coupons in real time. Advanced CPU payment platform to help businesses analyze transaction data, in addition to open API interface also supports businesses to coupon circulation, the use of dynamic, consumer preferences and other information to query. This in turn helps merchants tap the high-value potential customer base more specifically.n
In addition, the blockchain discount treasure covered in the commodity price discount combination, all kinds of complex rebate calculations are calculated by the smart script mode, making the entire link automatically efficient, simple and smooth. Not only that, discount vouchers also focus on the development of a rich landing application scenarios, then, preferential Po CPU will be issued quantitative to protect its circulation value, that is, to avoid the business of spam and protect the authenticity of the value of electronic coupons! Can serve multiple purposes.n
Marketing activities open and transparent – to eliminate fraudulent marketingn
The most humane embodiment of the Prestige Marketing Campaign lies in its full transparency. The campaign will use the CPU as a margin and the whole process consumes gas according to traffic.n
Platform for users and ordinary businesses to provide personalized smart contract mall, and to enable smart contract developers to develop business or user requirements to meet the smart contract. Smart contract mall is divided into two types of standard and custom smart contract market, users and businesses according to their own needs, choose a common template or C2C market to complete customization needs. Mall will use the CPU to pay, the user needs to provide a prepaid fee, the smart contract is deployed in the chain after the receipt of goods, the system will perform the liquidation process. 3% of the transaction fee will be used as the platform fee. The entire process of liquidation, settlement are based on preferential Po’s smart contracts, open transactions, without any intermediary transparent.n
Integral system – mutual benefit and win-win situationn
Preferential Po integral system features in its advanced none other win-win concept. On this platform, merchants can build their own point system to distribute their own unique color points, similar to the ERC20 in Ethereum. Bonus points are used to reward loyal customers. Platform merchants can be based on the existing smart template, custom color and purpose points.n
Prominent points between coupons have the advantage of no time limit, do not need to record the destruction of the address, the merchants have the right to the customer used the product for recycling. At the same time, all merchants can also exchange color points freely through the platform, and truly realize interoperability between merchant / affiliate points. Merchants can break away from the complex system of points union, at a lower cost, build a perfect customer loyalty reward system.n

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3. project can be landedn
nPlans to use a variety of blockchain technology integration, multiple signatures, homomorphic encryption technology to meet the security and privacy needs of users;n
nnSeveral large merchants in the financial resources, human resources and other resources strongly support March active month users 100 million app, to ensure user traffic;n
nnThe Treasure Hunt team is rich in e-commerce practitioners’ experience and industry resources. At present, the Treasure Hunt Center e-commerce blockchain platform has received the favor of many large merchants and many merchants have reached a strategic cooperation intention with the team.n
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(Project Allocation Plan)n
understand more:n
Discount treasure official website: http://coupon.onen
More candy surprise please move the telegram group: https://t.me/CouponOne_CHn

Dubai Mercantile Exchange issues cryptographic currency business license

nRunaway Comment: DMCC, the largest free economic zone in the UAE In order to attract cryptocurrency firms and further develop the local cryptocurrency market, DMCC has now started offering to emerging start-ups in this area in this free zone Business license. At the same time, the relevant local regulatory work is also under way, which also makes the development of cryptocurrencies in the UAE more worth the wait.n
nTranslation: Inan
Attract crypto currency businessesn
The Dubai Multi Commodities Trading Center (DMCC) is a government entity established in 2002 to promote Dubai’s trade flows of goods. The DMCC Free Zone is the largest and fastest-growing free economic zone in the UAE.n
The center freed the company from personal and corporate income taxes. Its website states: “We play a series of roles dedicated to making Dubai the premier destination for global merchandise trade and making DMCC the world’s premier free-zone.” Today, it has more than 14,100 multinationals and start-ups, and nearly 90,000 live and work there.n
According to a Thomson Reuters report on Monday, the center has started licensing to allow companies trading cryptocurrencies to operate in their free zones.n
Sanjeev Dutta, executive director of commodities at DMCC, told Thomson Reuters the center is “starting to push” the cryptocurrency market, though he admits the market is unregulated. He said DMCC will consider each company hoping to develop its business in the region.n
n”For me, it’s important that you treat it as part of an innovation strategy that is not about a total negation or affirmation, but about exploration, so that when it’s time to make a decision, you’re obviously ahead of the rest. “n
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Think of encrypted currency as a commodityn
DMCC is a member of the Global Blockchain Council, an initiative of the Dubai Smart City project initially with 46 member organizations around the world. Franco Bosoni, director of DMCC’s Innovation Center, said global consensus is tending to classify cryptocurrencies as commodities. He explained:n
“DMCC considers these cryptocurrencies to be in line with the notion of commodities, whose pricing is based on supply and demand, is produced and sold globally at a uniform quality, and is as unique as the product.”n
Wai Lum Kwok, head of capital markets for Abu Dhabi’s global markets financial services regulator, said on Sunday that the regulator is “reviewing and considering a strong regulatory framework for risk-weighting for cryptocurrencies and exchanges.” He also pointed out:n
n”In developing this framework, we also want to have a dialogue with regulators in the United States, Japan and other countries to form a coherent way of avoiding any regulatory arbitrage.”n
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Issue the first licensen
It is reported that the first such permit in the free zone was distributed to Regal Assets, a gold trader and storage provider with offices in the United States, Canada and the UAE. Late last year, the company added cryptocurrencies to its product line to provide brokerage services and highly secure cold storage services for bitcoin, ethernet, bitcoin cash, Ethereum Classic, Reborn and Dartcoin.n
According to Bloomberg, “Dubai gold trader Regal RA DMCC is the first company in the Middle East to obtain a cryptocurrency trading license.” DMCC acknowledged in a statement: “The company will store bitcoin, etheric cryptocurrencies At the DMCC headquarters vault in Almas Tower, Dubai. “n
According to reports, Ahmed Bin Sulayem, DMCC’s Executive Chairman, said, “DMCC’s strategy for long-term growth is centered on the use of technology and innovation to subvert and connect new markets, industries and customers and is reflected in today’s statement. “n

Singapore’s Central Bank: Speculation will pose a risk for the blockchain goals of 2020

nBankruptcy Commentary: Sopnendu Mohanty, chief financial officer of the Monetary Authority of Singapore (MAS), told CNBC in a February 12 interview that “Project Ubin”, a blockchain project by the central bank, will bring “real impact” in two years. The concept of blockchain technology is described as “fantastic existence.” This shows that despite the continued volatility of the cryptocurrency market, governments all over the world also disagree with each other, but Singapore remains optimistic about the potential of cryptocurrencies and blockchain.n
nTranslation: Clovern
In a February 12 interview with CNBC, Sopnendu Mohanty, Chief Financial Technologies Officer of the Singapore Monetary Authority said that “Project Ubin”, the central bank’s blockchain project, will have “real impact” in two years.n
Sopnendu Mohanty described the concept of blockchain technology as “fantastic presence” when it came to the current state of the blockchain project “Project Ubin” and cryptocurrency.n
Mohanty told CNBC:n
n”I think it will take two years before we can complete the transport layer building, data transfer, data storage … the entire blockchain must have a single infrastructure across multiple industries for real impact.”n
nSingapore remains optimistic about the potential of cryptocurrencies and blockchains, and governments around the world are disloyal despite the continued volatility in the cryptocurrency market.n
The Cointelegraph reported on February 6 that the Monetary Authority of Singapore has confirmed that the agency is “closely studying” cryptocurrencies and their “potential risks”, but the authorities consider the cryptocurrency “no systemic risk issue” and ” There is no good reason to ban “cryptocurrency.”n
With regard to volatility and profiteering, Sopnendu Mohanty warned that excessive speculation “could have a negative impact on the initial stages of the use of the entire cryptocurrency.”n
He explained:n
n”We will continue to experiment with this amazing (blockchain) technology to find a use case that is likely to last long.”n
nIn January this year, Monetary Authority Secretary Ravi Menon also pledged to support “more meaningful technology related to digital currency and blockchain,” and said he hopes that any unsteadiness or even “market collapse” will not completely obliterate these technologies Role.n

GMO Internet Tentatively Launches August Cryptocurrency Cloud Mining Services

nRunaway Comment: Recently, Japan’s IT giant GMO Internet announced tentative tentative August launch of cryptocurrency cloud mining services. According to the company, it will launch some promotional activities in March to attract the attention of users. At the same time, the company also said it will put a part of the mined tokens on its GMO cryptocurrency exchange to increase the market Diversification and liquidity.n
nTranslation: Clovern
GMO Internet, a Japanese listed IT company, tentatively plans to launch the previously announced cloud mining service in August.n
The company disclosed in the fall of last year that it would invest tens of millions of dollars in mining operations in an effort to create an energy-intensive Web site that will add new deals to the blockchain and use newly excavated Tokens as rewards. With cloud mining, customers are able to buy and receive hashes and receive rewards, minus any associated costs – but this pattern has long been linked to fraud, including the actual possession of less than the processing power sold the company.n
In a February 9 announcement, the GMO said the company will launch a series of events starting this March to attract users’ attention to the service. This service contract for two years, worth up to 5 million US dollars. Although the GMO mining site has so far not been disclosed, its mining equipment is said to be located in Northern Europe.n
The company said:n
n”There are already a large number of users consulting this cloud mining service, so from March 2018, GMO Internet will hold a public meeting in 9 cities in Japan to meet the intent to participate in this service from all over the world Business needs. “n
nGMO said the service “tentative” was released in August.n
It is noteworthy that the company will put a portion of its mined tokens on its GMO cryptocurrency exchange in order to “increase the diversification and liquidity of trading markets.”n
In recent months, the Tokyo-based company has released a series of announcements related to cryptocurrencies. One of the most prominent is the bitcoin-based payroll system, but only for its employees. In addition, GMO has introduced services that focus on customer knowledge (KYC) and anti-money laundering tools.n

Mario Draghi reiterated that Bitcoin regulation is not the responsibility of the European Central Bank

nBankruptcy comment: ECB President Mario Draghi pointed out last fall that the bank has no right to oversee cryptocurrencies such as bitcoin. Recently, he reiterated this view once again, saying that this work is not the responsibility of the European Central Bank. Although the Bitcoin market has undergone many major events since he last made this announcement, none of this clearly changed his perception of bitcoin. This may indicate that the ECB is still not going to focus on cryptocurrencies for the time being.n
nTranslation: Inan
ECB President Mario Draghi said regulation of cryptocurrencies is not a job for the European Central Bank.n
In the ECB’s #AskDraghi series of videos, Draghi said he sees many Twitter users asking if the European Central Bank will regulate or even ban Bitcoin.n
In response to this question, he said:n
n”This is not the ECB’s responsibility.”n
nDraghi will also respond to a college student’s “whether to recommend buying bitcoin” issue.n
He pointed out he was “serious” about buying bitcoin because he did not think bitcoin was a currency and claimed that the value of bitcoin fluctuated too much and was not as stable as the euro.n
Turning to the decentralized nature of cryptocurrencies, he said: “The euro is backed by the European Central Bank, the U.S. dollar is backed by the Federal Reserve, the currency is backed by the central bank or its government, and Bitcoin does not.n
Draghi is not the first to express this view on cryptocurrency and its regulatory issues. He said in September 2017 that the ECB “has no power” to regulate bitcoin, and in November said the impact of the cryptocurrency on the world economy was limited.n
Just as the European Central Bank released the video, the bank also published an article explaining bitcoin explaining in more detail its perception of bitcoin.n
In addition to the price fluctuations mentioned by Draghi and the lack of institutional or government support, the article also pointed out that Bitcoin is not widely accepted and that such “transactions are slow and expensive.”n
At the same time, the article also mentioned that the user can not get the legal protection when the wallet is black and bitcoin is stolen.n

IMF President Lagarde: Global cryptocurrency regulation “inevitable”

nComment: Recently, the International Monetary Fund (IMF) president Christina Lagarde (Christine Lagarde) said that the international community to take action to monitor cryptocurrencies “inevitable.” This may indicate that the IMF will be more actively involved in cracking down on the illegal use of cryptocurrencies and will mainly focus on both anti-money laundering and anti-terrorist financing.n
nTranslation: Clovern
Christine Lagarde, president of the International Monetary Fund, said international action to regulate cryptocurrencies is “inevitable.”n
As an international organization that aims to promote global financial stability, the International Monetary Fund (IMF), the president of the IMF, Lagarde said the IMF’s concern over cryptocurrencies is largely due to its possible application in illicit financial activities.n
In an interview with CNNMoney on February 11, she said:n
n”We are actively engaged in anti-money laundering and anti-terrorist financing, and the advent of cryptocurrencies strengthens our resolve to fight these two criminal activities.”n
nLagarde further explained that specific regulatory measures should be based on specific activities and focused on “who is doing, whether they are licensed and regulated.”n
This comment is consistent with Lagarde’s previous public statements on cryptocurrencies, which means that the IMF or will be more actively involved in cracking down on the illegal use of cryptocurrencies.n
She has warned on multiple occasions that cryptocurrencies should be taken seriously and calls for global regulators to establish cooperation. She was not the only one who expressed concerns about the impact of cryptocurrencies on cross-border financial crime.n
According to CoinDesk’s earlier reports, several global leaders expressed similar views at the World Economic Forum in Davos in late January, including Theresa May, prime minister of the United Kingdom, Emmanuel of France, Emmanuel Macron and U.S. Treasury Secretary Steven Mnuchin.n
Just last week, finance ministers from France and Germany called on G20 members to discuss issues of global cooperation in the area of ​​cryptocurrency regulation.n

Microsoft: Bitcoin, Ethereum plays an important role in centralizing ID projects

nStorming comment: Microsoft’s identity department recently pointed out in a blog blockchain technology in the decentralized identity project can play a significant role, explains how to use bitcoin, Ethereum and other public chain so that users can encrypt numbers Center to store and control their own data, thereby changing the current personal information to the authorized third-party management status. A series of recent Microsoft moves indicate that the company hopes to achieve breakthroughs in decentralized authentication.n
nTranslation: Inan
Software giant Microsoft said it believes the public chain has the potential to support decentralized identities and will explore the possibilities in Microsoft Authenticator applications.n
In a February 12 blog post, Microsoft Identity Services said it believes blockchain technology is the right solution to storing, maintaining, securing, and disseminating user identity information in a tamper-resistant, decentralized environment.n
Ankur Patel of the division said in his blog: “Some of the public chains (Bitcoin, Ethereum, Litecoin, etc.) provide a solid foundation for fixing DID systems and documenting DPKI operations and anchoring.”n
That is, Microsoft acknowledged that scaling is a major hurdle in enabling millions of users to use decentralized authentication at the same time. Therefore, the company said it is now looking at developing other dimensions to achieve its expansion goals.n
Patel wrote:n
n”To overcome these technical barriers, we are working together to develop decentralized Layer 2 protocols that operate on the public chain to achieve global scale while retaining the world’s leading DID system attributes.”n
nThe company will now experiment with adding decentralized support to its login authentication application, which is used by millions of people around the world.n
The article seems to be also intended to satirize Facebook and other sites, wrote:n
n”People need a secure, encrypted digital hub – they can store their identity data and easily control others’ access to the data, rather than granting applications and services that allow their identities to spread across multiple vendors.”n
nLess than a month ago, both Microsoft and the blockchain alliance Superbook joined the UN ID2020 project, which aims to deliver a scalable, secure and verifiable digital identity system.n
It is reported that Microsoft donated 1 million U.S. dollars to the ID2020 program during Davos World Economic Forum last month.n

JP Morgan Chase Report: Encrypting currency will help diversify the portfolio

nBuzz Rating: A recent JP Morgan report launches a series of discussions on cryptocurrencies and blockchain, focusing on their impact on key market players such as investors, financial companies and the central bank. The authors of the report believe cryptocurrencies have a huge role to play in the financial sector in the future, such as diversifying their portfolios. Of course, there are still many problems in the development of this new thing, and its advantages need to be solved only after these problems are solved.n
nTranslation: Inan
Analysts at JPMorgan Chase wrote in a new 71-page cryptocurrency survey that cryptocurrencies could help investors diversify their equity and debt portfolios in the future.n
The report, titled “Decryption of Cryptocurrencies: Technology, Applications and Challenges,” was released on February 9 by JPMorgan’s Global Research Unit. According to a copy of the paper from CoinDesk, the report explores a series of topics related to cryptocurrencies and blockchain, in particular the impact of this technology on investors, financial companies, central banks and others.n
The most noteworthy part of the report may be that although cautious, it predicts that cryptocurrencies may one day play a role in diversifying global bond and equity portfolios. The report states:n
n”Cryptocurrencies could play a role in the diversification of global bond and equity portfolios if previous yields, volatility and correlation persist, and in this regard, given its huge returns and volatility over the past few years The effect is great. “n
nn”If, after a few years, cryptocurrencies still exist and remain a part of the global market, they may get out of the current speculative phase and then have more normal returns, volatility (lower) and relevance (more like other Zero return on assets such as gold and yen). “n
nThis argument may be in stark contrast to previous comments by Jamie Dimon, the bank’s president and chief executive. Because Dimon publicly stated Bitcoin as “fraud” last year, the author of the report pointed out that cryptocurrencies “are unlikely to disappear completely.”n
They wrote: “Cryptocurrencies are unlikely to disappear completely and may easily come in different forms for users who crave stronger decentralization, peer-to-peer networking and anonymity.”n
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Blockchain benefitsn
The report reviews the investment situation and examines the broader issues surrounding the use of the blockchain, especially those private companies that want to maintain their own “permission” chains.n
The writer wrote that the blockchain is a “superior database,” and although regulators are concerned about it, the technology itself may be “supportive of regulation.”n
The report said: “We believe that the biggest attraction of the blockchain lies in providing efficiency gains for the entire value chain.”n
n”The proposed use case of distributed ledgers in the financial arena is likely to limit access strictly based on pre-established known participants and the writing of the appropriate KYC / AML files, so we think it is possible for distributed ledger technology Provide regulators with greater transparency, flexibility and shorter lead time to reduce counterparties and market risk. “n
nAt the same time, these authors also believe that the blockchain could overturn the areas of cross-border payments, settlement / clearing / collateral management and the broader TMT, transportation and healthcare. The report emphasizes that people can see the benefits of using this technology only when cost-effectiveness neutralizes regulatory, technical and security barriers.n
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About the central bank to encrypt moneyn
The report also explored the issue of central banks creating cryptocurrencies (or digital currencies).n
While Fed officials generally base their opinions on “not considering it for the time being” (as opposed to other central banks actively researching the application), JP Morgan’s report still explores the possible implications and consequences of such issuance.n
The authors of the report argue that, in a sense, state-owned cryptocurrencies can support “payment services provided by the central bank” in a cashless system, and some economists see this as helping banks to impose negative interest rates.n
However, they also pointed out that the issuance of such currency “would expose non-bank institutions to the Fed’s balance sheet,” which in turn “would endanger the commercial and financial intermediation function of the commercial bank which is important in economy and society.”n
At the same time, the author states that the cryptocurrency issued by the state could affect the extension of credit to the private sector as it would undermine some of the Reserve Bank operations.n
n”If cryptocurrencies are considered to be better than bank deposits, driving large-scale transfers to cryptocurrencies, most of the savings will flow into central banks rather than commercial banks and may therefore significantly increase the private credit risk premium and reduce the credit flow to the private sector The flow. “n
nThe report also attempts to address the anonymity of state-owned cryptocurrencies.n
The writer states: “On the one hand, privacy has been seen as an implicit constitutional right and may extend into currency transactions; on the other hand, there are laws designed to prevent the financial system from being used for such activities as money laundering or terrorist financing. “n

World Wide Web and Kyber Network announced a partnership


edit: pencil casennJanuary 13, World Wide Web officially announced the partnership with kyber Network, the two sides have signed a cooperation agreement in the market development, cross-chain technology to achieve, and project cooperation. Following the Consensus: Invest 2017 conference held in Coindesk, New York on November 28, 2017, since WorldWill Chain and AION and ICON jointly announced the joint establishment of the Blockchain Interoperability Alliance, Chain announced another major cooperation results, this cooperation will not only consolidate Kyber Network and the World Wide Chain in the status of the industry, while a multi-directional in-depth cooperation and sharing, will help promote the two teams to a new level of industry.n
Kybe Network is a digital exchange of funds that is based on the digital money on the Ethereum network and is committed to providing users with convenient and efficient token exchange services. The entire network is based on smart contracts, to achieve the decentralized features, and easy-to-use API for the use of the user provides a good experience, to achieve efficient exchange of tokens, Kyber Network has officially released February 11 network. According to the plan, the end of 2018 or early 2019 release of cross-linked transaction support version.n
The purpose of Wanxiang Chain is to create a basic chain that can realize cross-chain transactions, which in turn provides a platform for various digital asset transactions and provides an infinite potential infrastructure for financial markets for digital assets. From a technical point of view, Wanwei Chain solves the problem of connection and privacy protection between different blockchain ledgers. From the perspective of future application scenarios, Wanwei Chain hopes not only as a cross-chain transaction and multi-asset interoperability Blockchain project, but also an open source based development of the bottom of the blockchain, cross-chain transactions in the realization of the function, at the same time, any developer can be based on application requirements, in the World Wide Web to develop a variety of financial applications, including to the center Exchanges, digital asset exchanges, digital asset deposits and loans, asset instruments, wealth management products and more. January 18, 2018 Wanchain version 1.0 main network has been announced officially launched.n
According to the cooperation agreement, Kyber

Hong Kong traders favor the regulated U.S. bitcoin futures market

nRunaway Comment: The Bitcoin market in the United States has been popular with Hong Kong traders since it was introduced, mainly because of the unregulated nature of cryptocurrencies in Hong Kong and the high risk of such transactions. As a result, investors in Hong Kong have turned their attention to the regulated markets in the United States in order to trade safely, which is one reason why the trading volume of CBOE and CME’s bitcoin futures products has steadily risen.n
nTranslation: Inan
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Safety first n
In December last year, both CBOE and CME launched bitcoin futures and their trading volume steadily increased from the launch date. For Hong Kong traders, they prefer the regulated U.S. market to the less secure local exchange.n
Gary Leung, chief executive of Hong Kong branch of TD Ameritrade, said his company is feeling the growing interest in Hong Kong’s bitcoin futures market, telling the South China Morning Post:n
n”Since we started operating in Hong Kong in October last year, we have received a lot of inquiries about bitcoin futures.”n
nHong Kong’s interest in Bitcoin exchanges on the U.S. Exchange is of great interest because the Hong Kong Monetary Authority does not regulate cryptocurrency as a commodity and therefore regulates it.n
Miao Yingyuan, managing director of China Securities International Finance Holdings, explained to South China Morning Post:n
n”Bitcoins and other digital currencies are largely unregulated in Hong Kong because they are traded as commodities and investors may suffer losses if the digital money platform is in trouble or attacked because regulators may not be It helped, dismissing many Hong Kong investors’ enthusiasm for digital currency transactions there. “n
nAs a result, investors hoping for the safest digital currency trading are starting to use US exchanges because “investors do not need to consider counterparty risk or worry about platform issues.”n
Gary Cheung, chairman of the Hong Kong Securities Association, said there are two categories of Hong Kong investors who trade Bitcoin via the U.S. Exchange:n
n”One is Bitcoin miners and investors who trade bitcoin and want to hedge futures, and the other is ordinary futures investors who just want to profit from speculative futures.”n
nBoth types of investors are well aware that the regulated market is more attractive than the unregulated market when investing in bitcoin futures.n