The move is also considered by the industry to show good to all governments, although the current huge amount of currency trading, but in Japan, Japan and the United States are not yet fully legalized existence.
The following is Zhao Changpeng publicly posted in Linkedin English long article, App compiled and organized by the chain:
Living in the constant transformation, there is no suspension.
Although there is a misunderstanding that cryptocurrencies are detrimental to the government and the state, I think the opposite is true, and blockchain technology and cryptocurrency will eventually become mainstream, which is inevitable and only a matter of time. Period of Forbes wealth list (chain gains note: Forbes recently released the global digital currency rich list, Zhao Changpeng is the only Chinese list), we can see that early into the field of people who have become billionaires - The same applies to the government, and the sooner one will deploy the blockchain technology, the sooner one will be the future leader. Now the opportunity is right in front of us!
In fact, the sooner the cryptocurrency is used and the technology is smartly managed, the key to the industry is that cryptocurrency trading is at the core of the entire ecosystem, and support for regulated exchanges operating locally will also have an impact on the local economy Have a positive impact
Attracting Funds Whether it's where cryptocurrency exchanges are located, they are always able to attract encryption projects and businesses, which in turn can attract hundreds of billions of dollars of global capital into the local economy. Encrypted currency investments are borderless and good The ICO project can attract people from all over the world to invest.
Attracting Talents Encryption The businesses in the money industry are all founded by the most mind-savvy people on earth who are early explorers and developers in the technology and financial industries and are constantly moving the industry forward. In addition, The key lies in a series of clear and explicit regulatory measures, such as how to get the initial tokens issued to the government, how to regulate the exchange rate and how to formulate a competitive tax policy.
CREATING LOCAL JOB OPPORTUNITY Encrypting money The businesses in the money industry often have sufficient funds Last year, businesses in the cryptocurrency sector raised $ 5.7 billion through initial tokens, outpacing the scale of venture capital financing. , Companies in the cryptocurrency industry have raised more than $ 2 billion and, more importantly, the trend is accelerating.These companies need to hire good people to expand their teams and create more jobs for local communities opportunity.
Government tax increases Unlike start-ups in other industries, cryptocurrency startups often make a profit from the start, with some even higher margins, which ultimately result in huge tax revenues for the government, usually for every business Can pay millions of dollars in taxes.
Industry growth In addition to direct and tangible benefits, the cryptocurrency industry can bring in many intangible, long-term benefits that far exceed the quantifiable benefits mentioned above.
As more crypto establishments flourish in one area, they will build a friendly and advanced local 'crypto culture' - similar to the entrepreneurial culture in San Francisco and the financial culture in New York - a culture that helps shape The local economy became the world's leading economy and early adopters were able to generate trillions of dollars in revenue compared to countries that later applied blockchain technology.
Increasing the country’s competitiveness by adopting blockchain technology earlier can benefit some small countries that are developing financial markets. However, because the overall size of cryptocurrencies is relatively small and management is easier, it does not cause too much of global finance. Disturbance. As the popularity of blockchain technology in these countries continues to increase, some large parliaments with mature financial markets feel competitive pressures. In this sense, those mature financial markets should actually deploy blockchain technology as soon as possible. After all, , Self-innovation is better than subversion by others.
In short, we hope that all of you, whether you want to lead the world in the next century or an official who dares to assume responsibility, subvert innovation and become forward-thinking forward thinking leaders.