A member of the most important Chinese advisory board proposed the creation of a national stock exchange cryptocurrency and other regulatory systems during one of the two annual sessions of the main legislative and consultative bodies in China

03/05/2018

Wang Pengjie , a member of the People’s People’s Political Consultative Conference ( CPPCC ), suggested that the People’s Bank of China ( LBCh ) and the Chinese Regulatory Commission on Securities ( CSRC ) should create a system Blockchain and digital asset management as well as the possibility of establishing a digital asset exchange platform at the national level.

Comments Pengjie appeared after the last row kryptowalutowych prohibitions in China, from blocking foreign exchange to introduction in September 2017. Prohibition of initial offers tokenowych ( AND WHAT ).

Pengjie he referred to the growing capitalization of digital assets, such as Ethereum . Bitcoin and litecoin , noting that their market values ​​exceeded the value of the largest Chinese Internet provider Tencent in January this year. Pengjie draws attention to technologies based on Blockchain . He also mentioned the rules in South Korea and the fact that the American Nasdaq considering trade in type contracts Bitcoin .

Pengjie he also mentioned companies that work with Blockchainem in China, stating that lack of mature independent intellectual property rights will not be beneficial to China’s financial security in the long run. ” Clarity about the legal status cryptocurrency as well as a lack of consumer knowledge that could easily lead to fraud by unscrupulous elements , causing serious economic losses .

Pengjie he also suggested the creation of a national digital asset trading platform.

In this way, we can provide a formal channel for companies to raise funds and for individual investors in order to achieve capital appreciation.

CSRC signed a financial cooperation agreement with Australia in November 2017, which aims to promote innovation FINTECH between these two countries.