Chapter 918 The Next Wave

Don’t think it’s a bit exaggerated that some West African civilians dare to exchange part of their savings for USDA without any contact with any digital coins...

Imagine those grandpas and aunts who didn’t know what blockchain and BitC were, but spent a lot of money to buy a lot of worthless copycat coins after being CXed. You will understand the ability of ordinary people to accept new things under the demand for wealth.

Of course, USDA is different from those copycat coins. The "ambitious" Anchorage company will naturally not do such short-sighted fraud. The anchoring of USDA and the US dollar must be sustainable.

However, in this case, they can’t control the individual users holding USDA, but if USDA is used to transfer assets or illegal transactions to escape supervision, then even if the current supervision of digital coins is not strict, after reaching a certain scale, it will inevitably attract the attention of international regulatory agencies led by the United States, causing trouble for Anchorage.

After all, when ordinary users use Klarna Pay to exchange USDA, because Klarna Pay follows the KYC principle (Know Your Customer), users are required to perform real-name authentication, which will be more restrained in terms of illegal transactions and money laundering.

But if the transfer is purely made using Anchorage's decentralized network (not completely decentralized, and the transfer is confirmed by its 7 nodes distributed around the world), it will be difficult to compare the holder with the person because of its anonymous nature.

However, this is also a feature of decentralized blockchains, so unless Anchorage is subject to mandatory review by relevant agencies in the future, they will not easily change this.

Of course, as BitC becomes more and more well-known, more people will participate in its ecosystem, and it is inevitable that countries will include it in supervision.

For example, after multiple applications, the x exchange finally obtained a money service license issued by the Financial Crimes Enforcement System (FinCEN) of the U.S. Treasury Department, for which they need to report to FinCEN regularly.

More than a month ago, Mt.Gox was targeted by the U.S. Department of Homeland Security, who believed that some of the users of the world's largest BitC exchange were terrorists who used it to launder money and transfer assets, and threatened to use long-arm jurisdiction to close its bank accounts...

After obtaining the license of the U.S. Treasury Department's Financial Crimes Enforcement System, Mt.Gox also needs to provide user information to the other party to avoid monitoring and sanctioning personnel, so as to get rid of the other party's targeted investigation.

There is no way, the United States is so strong, and Mt.Gox exchange is also targeted because of its high market share. Other BitC exchanges will inevitably have such a thing.

On June 27, the German newspaper "Die Welt" reported that the German government recognized the legal and tax status of BitC, becoming the world's No. C legal status country.

At the same time, the German government announced that holding BitC for more than one year will be tax-free.

Next, German banks including Deutsche Bank and Eurobank will cooperate with BitC Exchange. They first reached a cooperation with Mt.Gox Exchange - Mt.Gox users can pay directly through these banks to buy BitC.

It is worth mentioning that during the BitC conference, with the investment of Matrix Capital, the BitC Foundation acquired a publication called "BitC Magazine".

"BitC Magazine" was created in September 2011 by Vitalik Buterin, who was only 17 years old, and Romanian programmer Mihaly. It is mainly used for popular science and promotion of BitC. This is a physical and online parallel publication, and it has accumulated about 500,000 readers.

As BitC enthusiasts, the two also attended this BitC conference.

After being acquired, "BitC Magazine" will continue to be operated by Mihaly, and this year Buterin was born in Russia and just entered the third-ranked University of Waterloo in Canada to study computer science.

However, after attending this BitC conference, Vitalik Buterin saw BitC enthusiasts from all over the world gathered in Colo’s Brita…

After this “baptism”, Vitalik, who had seen the world, felt that BitC was “promising”.

“At that moment, I was really excited. I felt that this thing was very promising and could be done!”

At this time, Vitalik’s mind was full of BitC. He found that he could not take care of BitC research, writing and studies at the same time. In addition, after selling “BitC Magazine”, he had a certain financial foundation, so he decided to devote himself to the work in the field of BitC.

So Vitalik made a decision - drop out of the University of Waterloo, start traveling around the world, and communicate and learn with BitC enthusiasts all over the world.

Well, a few years later, Vitalik Buterin had another more well-known name - V God.

…

At the end of June, Shanghai welcomed a group of young guests.

"Students, welcome to the Magic City of China. I am Walker Morton, the leader of your summer camp. You can call me Walker. I am now teaching at Aurora University. I hope you can face China in this month. Got some idea..."

In the welcome of this bright-looking British man who teaches at Aurora University, no matter what previous imaginations he had about China, this group of youthful men and women could not help but look at them with curious eyes. Before them, they saw China for the first time.

This time, a total of 50 college students from various universities in the UK came to China. They will take advantage of the summer vacation to conduct a one-month summer camp in China.

This summer camp activity is the first one this year and is part of the "British-Chinese College Student Exchange Activities" funded by the Devonshire Charitable Foundation.

The so-called "British-Chinese University Student Exchange Activities" refers to selecting a certain number of university students from the UK and China through voluntary registration to go to the two countries for a one-month "study tour".

All expenses during this period will be provided by the Devon Hill Charitable Foundation, whose purpose is to "enhance communication among the younger generation and eliminate misunderstandings"...

For this first event, the British side will first cooperate with several universities in Shanghai including Aurora University. British students who come to China will also visit these universities and travel around Shanghai and the surrounding areas to experience China. development and customs to deepen our understanding of China.

Chinese students who go to England will visit top universities in England such as Cambridge and Oxford after traveling in and around London.

It can be said that these students are the best young representatives of China and England. Such activities can also allow them to understand each other's real situation through personal experience.

If this event can be successfully held, then next year, the quota will be increased to 100 students from each side...