Blockchain legislation

1. blockchain is a technology, but it is not a single technology, but the result of the integration of a variety of technologies, including cryptography, mathematics, economics, network science and so on. You can think of it as a distributed shared accounting technology, or as a database, but the database is jointly maintained by all nodes in the chain, and each node has an account book. Because the account books of all nodes are consistent, different nodes can trust each other, and there is no doubt about the data, so we all say that the blockchain has realized trust technically. For detailed professional technology, you can consult some professional technology companies, such as Jinbo technology, which focuses on the development of blockchain related procts, professional R & D team and perfect after-sales service, and you can consult by telephone.

2. If it's true, I think it will have a good impact on the development of the blockchain instry. I've been in the coin circle for several months, and I've seen many projects cutting leeks in the name of "blockchain". In fact, the essence is air money. If the blockchain is legislated, the atmosphere of the coin circle will become more formal, and many projects like SEC's social e-commerce chain will work hard, More people will find out.

3. At present, there are no laws and regulations on blockchain. After all, it is a new thing, and the formulation of laws and regulations will always lag behind the development of economy, society and technology, just like the legislation after the development of e-commerce for more than ten years.

4. 1) First of all, it defines the technical value and positioning of the blockchain. As I said at the beginning, the positioning of the blockchain should take the blockchain as an important breakthrough for core technology and independent innovation
2) blockchain, Internet and artificial intelligence should be regarded as technologies of the same height, and blockchain should formally enter our hard science and technology development category
3) pointed out the development and application direction of our blockchain, including the speech that the technology of blockchain has extended to many fields, such as digital finance, Internet of things, intelligent manufacturing, supply chain management, digital asset trading, and so on. In terms of application, there will inevitably be some regulatory or legal problems in the process of application, What are the instructions in this speech? He mentioned that we should implement the rule of law in the management of blockchain, and promote the safe and orderly development of blockchain
4) in the more important point of application and development, it is mentioned that the blockchain is from virtual to real, enabling entity, improving people's livelihood, obtaining instrial advantages, and better serving the development of the whole instrial economy. In fact, through the study of blockchain technology, from one side or the signal released, we express our attitude towards the innovation and leadership of blockchain. We hope that in the development of blockchain, we can first have our own core technology, and we should be a leader in today's fierce international competition
5) it is to enhance the market confidence of the whole blockchain instry, especially for the application and development of the whole blockchain technology. With a great increase in market confidence, it is bound to attract more people in the next period of time, including the capital market and for example, more talents and research applications will enter this field. More capital, more manpower and more other social related aspects, including the rule of law and legislation, will positively promote the application and landing of the whole blockchain technology. These are my four points of view or summary of blockchain technology learning
if you have been concerned about blockchain for a long time, in fact, from the national level, including the 13th five year plan, blockchain technology has been written into the 13th five year plan, which is developed as a parallel technology with artificial intelligence, big data and cloud computing. It has been introced in the second half of 2018, and the office of network information technology has put the blockchain application service on record, From all aspects, it is actually a positive guidance or protection for the development of the whole blockchain
of course, when it comes to blockchain, you may also say that blockchain always thinks of money speculation and so on. In fact, digital currency is only a relatively narrow field in the field of blockchain. We now include support from the mainstream of modern society or the national level, and more support for the application of blockchain technology in the real instry, The core advantage of blockchain technology is decentralization, which can realize point-to-point transaction, coordination and cooperation based on decentralized credit in the distributed system without mutual trust by means of data encryption, timestamp, distributed consensus and economic incentives, so as to solve the common high cost and low cost problems of centralized institutions Low efficiency and data storage insecurity provide solutions
the application fields of blockchain include digital currency, token, finance, anti-counterfeiting traceability, privacy protection, supply chain, entertainment, etc. with the popularity of blockchain and bitcoin, many related top domain names have been registered, which has a great impact on the domain name instry.

5.

Singapore blockchain ICO company

according to the analysis of market results, at present, 70% of the companies registered in Singapore are public companies, and 30% are private limited companies

in particular, there is no legal entity in Singapore called "foundation". What we usually call registered Singapore foundation refers to the type of public company

Singapore public company:

1. Independent legal entity

(2) limited liability: joint and several liability is the maximum amount of guarantee promised by each member (it is possible to compensate at most S $1)

3. No shares or share capital

4; Articles of association) to clarify the upper limit of each member's liability

Non profit: initially, it was mainly for non-profit organizations

6

the company needs at least 2 company officials. At least one director must be Singaporean or permanent resident (Bajie can provide)

Singapore private limited company:

1. At least one shareholder and at most 50 shareholders can be natural persons and companies

2. At least one local director and one legal secretary (not the same person, Bajie can provide them)

3. Limited liability

4

Three years before the establishment of the company, the profits of the first 100000 Singapore dollars are exempt from corporate tax, the tax rate of the company within 300000 Singapore dollars is 8.5%, and the tax rate of the part exceeding 300000 Singapore dollars is 17%

is Singapore blockchain ICO a public company or a private limited company? What are the conditions

registration conditions and fees of Singapore public company:

1. Company Name: English only, company type is public guarantee limited company, ending with Ltd. or limited

Registered capital: there is no registered capital, but each member will pay in S $1

3. Members of directors: the requirements of directors are the same as those of ordinary companies, but there are no shareholders

Registered address: Bajie can provide

Business scope: at most 2 main business activities can be selected (generally computer software, network, information technology, etc.)

Legal secretary of the company: Bajie can provide

registration time: 4-6 weeks

registration conditions and fees of Singapore private limited company:

1. Company Name: English only, company type is private limited company, ending with PTE. Ltd

2. Registered capital: there is no need to verify the capital. The minimum is S $1, the maximum is S $500000, and the annual fee of Singapore business alliance is required

3. Directors and shareholders: at least one scanning of passport + ID card (address proof) of directors and shareholders shall be provided, and non Singaporean shall register. If an account needs to be opened later, at least two directors (except Singaporean local directors) shall be provided for registration

4. Registered address: local registered address in Singapore (available from Bajie)

Business scope: at most two main business activities can be selected (generally, the business scope of computer software, network, information technology, etc.)

Legal secretary: provided by our company

registration time: usually 3-4 weeks

note: after the registration of general for-profit foundation, there is no need to audit if there is no bank account, while the annual inspection and audit of non-profit foundation must be done every year after the registration

after the Singapore blockchain ICO company established the Singapore foundation, if it wants to issue currency, it will also involve four certificates:

1. White paper compliance: to prove that the projects undertaken by the foundation are in line with Singapore regulations, to prevent MAS (monetary authority of Singapore) investigation, which need to be used when going to the exchange

2. Token non securitization proof: prove that the project is non securitized, avoid causing trouble, and securitization is unable to engage in block chain related business in Singapore

3. Compliance of private placement terms: proving that the fund raising and sales concted before going to the exchange are legal and compliant

4. Compliance of public offering terms: it is equivalent to the commitment made to the majority of investors after going to the stock exchange, increasing the confidence of investors

note: the above certificates can be provided by Bajie Singapore lawyers