Golden Outpost | Argentina is tightening cryptocurrency regulations to crack down on illegal transactions

Golden Finance News, Argentina’s Financial Information Unit (FIU) is seeking to implement stricter regulations on cryptocurrency transactions. Argentina's regulators will collect more information on individuals and entities involved in crypto transactions and order a wide range of institutions, from banks and credit card companies to exchanges and mutual funds, to report suspicious activity, the Financial Information Unit said. Other entities such as mailing companies, stockbrokers, NGOs, and even art galleries and sports leagues will be subject to greater scrutiny by the FIU.

Golden Evening News | List of important news on the evening of December 24: 12:00-21:00 Keywords: Bank of Japan, CBDC, SBI Group, PayPal, Coinbase

1. CryptoQuant CEO: Coinbase’s BTC outflow reached 24,000 yesterday.

2. The Bank of Japan is preparing to launch a CBDC by 2023.

3. SEC accuses founder of cryptocurrency hedge fund Virgil Capital of fraud.

4. Billionaire Mark Cuban reverses course to promote Bitcoin.

5. SBI Group: Ripple's lawsuit has little impact on the company's business.

6. ICO Drops: 1inch is suspected to have generated its tokens.

7. Opinion: The POW coins that are most in line with SEC standards are those without IXO (pre-sale).

8. Fortune Magazine: Payment giant PayPal abandons acquisition of encryption company BitGo.

9. Coinbase said it is currently evaluating Ripple's lawsuit. [2020/12/24 16:25:30]

FIU President Carlos Alberto Cruz said that the cryptocurrency trading business in Argentina is currently increasing rapidly, and these transactions may be deliberately circumventing international standards and anti-money laundering frameworks.

Golden Relativity | Founder of Open Source Storage: Cloud storage and distributed storage are not substitutes, but complementary and combined: In today’s Golden Theory of Relativity, what is the application prospect of distributed storage based on blockchain? Filecoin category Which direction is more suitable for commercial development?" Andy Guo, the founder of open source storage, said that cloud storage and distributed storage are not substitutes, but complementary The development of streaming media websites is an example. The rapid development of these video websites such as Youaiteng is inseparable from CDN. CDN is a natural extension and effective supplement of cloud storage. The combination of the two forms a top-down distributed and multi-centre. Filecoin wants to build a distributed network that grows naturally from the bottom up, and streaming media applications such as iQiyi and Youku are likely to grow naturally on such an infrastructure. In 2017, ipfs raised funds to do filecoin to expand the ipfs network, and wanted to use the token economy to build a huge natural distributed peer-to-peer network. At present, in scenarios such as the Internet of Things, smart cities, edge computing, and blockchain, data sources are naturally scattered, and there is a natural fit with distributed storage represented by filecoin. Scientific research data of scientific research institutions, such as meteorological data and astronomical observation data, want to coexist with human civilization, and through any centralized institutions and individuals, it is likely to be submerged in the long river of human history. However, filecoin similar to the Bitcoin network Once a decentralized network is formed and operates stably, it is possible to coexist with human civilization. [2020/5/19]

In this regard, the Argentine media El Cronista pointed out that the FIU’s encryption regulatory policy was issued when the government was struggling with the “parallel foreign exchange market.” For a more stable exchange rate, Argentine citizens may sell pesos (Argentine legal tender).

Jinse Finance mining data broadcast | BTC’s network computing power rose by 1.98% today: Jinse Finance reported that according to the data from the spider mining pool:

The computing power of the entire ETH network is 178.271TH/s, the mining difficulty is 2193.14T, the current block height is 9776389, and the theoretical income is 0.00777469/100MH/day.

The computing power of the BTC network is 100.725EH/s, the mining difficulty is 13.91T, the current block height is 623683, and the theoretical income is 0.00001807/T/day.

The BSV network computing power is 2.509EH/s, the mining difficulty is 0.33T, the current block height is 628554, and the theoretical income is 0.00071752/T/day. [2020/3/31]

Jinse Finance previously reported that since 2018, Bitcoin transactions in Argentina have been growing rapidly. The weekly transaction volume of Argentine pesos buying Bitcoin has increased by 1028%, and Bitcoin continues to see a premium. Questions have been raised about the FIU's policy of tightening regulations on cryptocurrencies.

Franco Amati, founder of the Buenos Aires Bitcoin Center, said the Argentine government is essentially preventing citizens from buying bitcoins with Argentine pesos and exchanging those bitcoins for dollars on the foreign exchange market.

Mexican lawyer and investor Micky Sierra has warned that Argentinian cryptocurrency traders could face existential jeopardy if the FIU begins seeking to seize cryptocurrency funds it suspects of being involved in illicit activity.

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