Zero sum foundation digital currency

1. Zecx has not been listed on any exchange or any authoritative digital currency information platform, so it is likely to be MLM currency.

2. Some day in the future, it may be

3. At present, the RMB has basically been peripheral. In Southeast Asia, RMB has become another "hard currency" next only to us dollar, euro and Japanese yen. In southwest border areas, RMB is known as "small US dollar" and used as a hard currency; In Northwest China, RMB mainly circulates in five Central Asian countries, Russia and Pakistan; In Northeast China, RMB mainly flows to Russia, North Korea and Mongolia; Hong Kong has the largest cross-border circulation of RMB, which can be freely convertible through various channels. In addition, RMB is also widely used in Macao

as for the regionalization and internationalization of RMB, we can graally seek monetary cooperation within the framework of ASEAN 10 + 1 pseudo economic cooperation. We can fix their respective exchange rates and float jointly with foreign countries. When the time is ripe, we can use strong RMB to replace other currencies or take RMB as the dominant currency to create a single currency and realize monetary unification. Secondly, it can expand to ASEAN 10 + 3 on the basis of ASEAN 10 + 1 and unite with Japan and South Korea. At that time, RMB will really grow into an international currency with far-reaching influence, just like the euro to Europe and the US dollar to America

secondly, in terms of monetary function, we should promote the internationalization of RMB in three steps, that is, adhere to the three-step strategy of RMB settlement currency, RMB investment currency and RMB reserve currency. In this process, we should steadily promote the process of RMB capital account convertibility, actively and steadily carry out offshore financial business, and graally implement the target area management of exchange rate

historically, which country's currency becomes a valuation currency in international trade and capital flow will take the initiative in international economic transactions. Take capital export as an example. Among the three capital flow centers in the world, when Britain and the United States were capital exporting countries, they all used their local currency as the valuation currency, while after the 1970s, when Japan was the capital export center, they used US dollar as the valuation currency. result; Japanese enterprises and financial institutions are very passive in dealing with the exchange rate risk in the foreign exchange market. When the yen rose sharply, these enterprises and financial institutions suffered huge losses. This is considered by many people as one of the important reasons for Japan's economic recession for more than a decade

for a large economic country, if the local currency can not comply with the trend of domestic trade growth and become the pricing currency of the open international financial market and trade, then the national currency will not become one of the major international reserve currencies. This means that the domestic currency has not obtained the international currency status which is relative to the total economic volume and the total trade volume. In order to deal with the macro financial risk of exchange rate fluctuations, the government must hold a large number of foreign exchange reserves. In today's international monetary system, US dollar and euro are the main pricing currencies in the international financial market, so US dollar and euro have become the main reserve currencies in the world. Correspondingly, the foreign exchange reserves of the United States and the European Union are very small. By the end of June 2007, the value of foreign exchange reserves of the United States was only US $41.5 billion, and that of the European Central Bank was only 41.4 billion euros. In contrast, in Asia, although Japan and China are among the top countries in the world in terms of economic aggregate, neither the Japanese yen nor the RMB has gained the status of an important pricing currency in the international financial market. As a result, China and Japan have the largest foreign exchange reserves in the world

with the development of China's economy, it should be our long-term goal to take corresponding strategies to graally integrate RMB into the international reserve currency system, break the current reserve currency pattern of the western world dominated by US dollar and euro, and promote the construction of multipolar reserve currency system. In this process, China should adopt a consistent graal strategy to promote the internationalization of RMB through the regionalization of RMB. At the same time, we should develop an open international asset market valued in RMB and provide more choices of RMB financial assets for foreign investors. Only after such a stage can RMB really gain the status of reserve currency, and we can get rid of the trouble of worrying about the amount of foreign exchange reserves.

4. What we need to prepare: registered currency issuing entity - setting up local directors of issuing entity stipulated by the government - lawyers confirming the nature of digital currency - compliance review and amendment, issuing white paper - legal documents related to fund raising, combining with practical analysis - successful approval, digital currency can be issued - handling bank account opening
thank you!

5.

The Maltese Government highly supports the blockchain instry. Coin an went abroad in 1994. At that time, there was no legislation in Malta. The Prime Minister of Malta met with the person in charge of coin an, and the blockchain instry moved in one after another. The Department responsible for digital currency licensing in Malta is MFSA

Malta, known as the paradise of blockchain and digital currency, has increasingly improved its policy on digital currency and exchange. In April 2018, the Maltese cabinet passed the virtual financial assets bill (VFA) and the Maltese digital innovation Authority Bill (mdia)

the VFA bill gives the Malta Financial Service Authority (MFSA) the necessary powers to supervise the exchanges, such as issuing instructions, adopting rules, obtaining information from the exchanges, and terminating the operation of ICO. The mDia Act establishes the "Maltese digital innovation authority" (mdia), which will be responsible for licensing and registration issues

in addition, the joint Co-ordination Board (JCB) of Malta will be responsible for the coordination work when the ties of mdia and traditional departments overlap. At the same time, as a member of the European Union, the establishment of an exchange in Malta may also need to meet the relevant provisions of the EU anti money laundering directive
What are the requirements for applying for Maltese digital currency license:

first of all, it must be a blockchain enterprise, which is composed of experienced blockchain practitioners. It needs to register a Maltese company and submit the company name and registrant information
1
2. Provide the name of Maltese company
3. Director information
4. Registered address (Maltese local address)
5. Apply for VAT number
6. Local secretary
the anonymity of cryptocurrency is a challenge to the supervision of various countries. However, Malta has always been friendly to cryptocurrency and investors. After the registration of Maltese companies, it can start to apply for Maltese license

6. At present, the central bank does not rule out the implementation of digital currency in China in 2020

7. The foundation is a non-profit public guarantee company, which is different from the private limited company. The issuing of blockchain digital currency is illegal in our country. In order to make the project more legal, we all handle overseas Foundations. The nature of the foundation is a public guarantee institution, and the risk is very low. In addition, if we need to connect with the exchange, we can also handle legal documents, The prerequisite for legal documents is the Singapore foundation, so the Singapore foundation is very important

8.

The differences between fund and foundation are as follows:

1. Different definitions

fund broadly refers to a certain amount of funds set up for a certain purpose. It mainly includes trust and investment funds, provident fund, insurance funds, retirement funds and funds of various foundations. A foundation refers to a non-profit legal person established in accordance with the provisions of these regulations by making use of the property donated by natural persons, legal persons or other organizations for the purpose of engaging in public welfare undertakings

Fund can be divided into open-end fund and closed-end fund, as well as stock fund, bond fund, money market fund and futures fund. As a basic social organization and institutional form, fund is different from government, enterprise and general non-profit organization in public welfare, non-profit, non-government and trust

Third, different characteristics and functions

funds can be divided into corporate funds and contractual funds according to different organizational forms. Fund is established by issuing fund shares to establish investment fund company, which is usually called corporate fund; It is usually called contractual fund, which is established by fund manager, fund trustee and investor through fund contract

The foundation is the propeller of the development of civil society. Civil society emphasizes everyone's independent behavior ability. The foundation has changed the traditional social structure and wealth structure. It not only promotes the accumulation of social wealth outside the government and enterprise departments, but also gives the control of social resources to the representatives of citizens through the foundation's public welfare operation, centralizes the scattered citizens' will and wishes, returns citizens' rights to the hands of citizens, and promotes the development of civil society

9. The foundation is a non-profit organization with independent legal person registered in the civil affairs department. According to the regulations, it can be divided into public foundation and private foundation. It can set up multiple funds, such as the "one foundation" set up under the Red Cross in the past. Later, Jet Li set up the "one foundation" in Shenzhen alone, It is the first private public fund established in China
there are two types of funds: investment fund, endowment fund and kindergarten development base metal endowment fund
according to the regulations of the State Administration of non-governmental organizations, private non-governmental organizations (private kindergartens belong to this category) can set up a fund if the donation exceeds 500000 yuan. At the same time, they must report to the management department at the same level, make their accounts public and accept public supervision;