On June 4th, US Eastern Time, the US Commodity Futures Trading Commission (CFTC) Commissioner Rostin Behnam delivered a speech on “Promoting an Open, Transparent, Competitive and Financially Sound Market†at the BFI Summit in United Nations Plaza in New York. US CFT Commissioner believes blockchain technology will change the world economic landscape Rostin Behnam is also the chairman of the regulatory body of Bitcoin futures in the United States. His speech at the BFI summit focused on his vision of the impact of cryptocurrency and blockchain technology on the world, economic system and monetary system. . The following is the main content of his speech (with deletion): The blockchain and the United Nations Development Programme announced a creative alliance in March, a partnership between UNHCR and the World Economic Forum. The aim is to study the application of blockchains in the protection of natural resources and the protection of democratic systems. The power and commitment of the derivatives market can easily be fraudulent and manipulated. The derivatives market plays an important role in the financial crisis. I mentioned the CFTC regulatory swap. Prior to 2010, swaps were one of the most commonly used financial instruments for managing risk, unregulated and completely outside the shadow of global regulators. With regard to this phenomenon, which is more prevalent in blockchain and financial technology, we have always advocated supervision in our markets, especially to make blockchains and other technologies more transparent and to ensure that markets are free from fraud and manipulation. Cryptographic currency Virtual assets do not know national boundaries, and supervision often lags behind the curve and cannot keep up with daily development. As a result, some countries have banned virtual currency. Other countries are also constantly rigorous laws to regulate cryptocurrencies. Many countries simply don't know what to do. Moreover, some countries believe that virtual currency is a problem for developed countries such as Switzerland, Germany, Singapore or the United States. But virtual currency may become part of the economic entity of any country. Let me repeat: these virtual currencies will not disappear, they will spread to every economy and every place on the planet. Some small economies may rely on virtual currency to survive. Moreover, these cryptocurrencies will be independent of traditional currency intermediaries such as governments, banks, investors, government agencies or international organizations. We have witnessed a technological revolution. Maybe we have also witnessed a modern miracle. Some people think that virtual assets may be a way to accumulate wealth and eliminate poverty. They believe that blockchain may be a means of eradicating poverty... This possibility should drive the development of virtual assets. agriculture Agriculture is another place where blockchain can change the world. For decades, CFTC has been looking for solutions for global supply chains and food safety. The emergence of blockchain technology has made it more feasible. Tracking the source of food through blockchain technology, the blockchain can also be used to eliminate food waste and food waste, and even improve the global distribution system both domestically and internationally. Blockchain can improve agriculture and benefit consumers and farmers. medical insurance Blockchain also has an impact on health care. Blockchain technology can be an important way to improve health and reduce costs. Blockchain technology can preserve patient's fragmented medical privacy information, such as health status information, DNA information, and other important information. Blockchain can also solve the problem of medical fraud and waste. Helps curb the rise in medical costs. Bitcoin regulation In 2018, the two exchanges self-certified several new contracts for futures products for virtual currency. Companies that are seeking capital formation and risk transfer. They implement capital transfer through artificial intelligence, algorithm-based trading, data analysis, self-assessment and real-time calculation of "smart" contracts for payment, and distributed ledger technology. These technologies are transforming the world around us, and these technologies have the same transformative impact on US capital and derivatives markets. Proponents of virtual currency saw a technology solution to solve the long-standing "double spending" problem. In 2015, the US Commodity Futures Trading Commission determined that virtual currency (such as Bitcoin) met the definition of “commodity†under the “Commodity Trading Act†or “CEAâ€. Despite this, the CFTC does not have regulatory authority to market or platform for virtual currency or other commodity cash or “spot†transactions under CEA, nor does it regulate the participants of such platforms. More specifically, CFTC does not have the authority to regulate spot virtual currency platforms or other cash commodities, including implementation of registration requirements, supervision and monitoring, transaction reporting, compliance with personnel conduct standards, customer training, capital adequacy ratio, trading system protection measures, and networks. Security exam or other requirements. In fact, the current law does not give US federal regulators the power to regulate digital currency platforms operating in the United States or abroad. However, the CFTC does have enforcement jurisdiction to investigate fraud and manipulation of potential virtual currency spot markets and, where appropriate, civil enforcement actions where fraud or manipulation is discovered. In contrast, the CFTC has the power to regulate and enforce derivatives under the CEA for derivatives of digital currencies traded in the United States. Tablet Capsule Counting Machine
The capsule counting machine adopts electromagnet vibration effect, stable and reliable; Scientific design, simple, easy to use, small size, light weight, suitable for pharmaceutical, hospital, food and other industries, for capsules, tablets, particles and other drugs or food counting. This machine is small in size, light in weight, accurate in counting and easy to operate. The contact surface of counting items are made of stainless steel, which is an ideal special equipment for counting bottled, bagged and canned products in various industries.
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