Rebirth of England.

Chapter 918 Back Wave
Don’t think it’s a bit exaggerated that some West African civilians have never come into contact with any digital coins, but dare to exchange part of their savings for USDA…

Imagine those old men and women who had no idea what blockchain and BitC were, and who spent a lot of money to buy a lot of worthless counterfeit coins after being CXed. You will then understand the ability of ordinary people to accept new things when they need wealth.

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

However, in this case, they have no control over the individual users holding USDA. But if USDA is used to transfer assets that escape regulation or for illegal transactions, then even if the current regulation of digital coins is not strict, once the scale reaches a certain level, 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 redeem USDA, because Klarna Pay follows the KYC principle (Know Your Customer), users are required to undergo real-name authentication, which will restrain illegal transactions and money laundering.

However, if the transfer is made purely using Anchorage's decentralized network (which is not completely decentralized, as the transfer is confirmed by its seven nodes distributed around the world), it will be difficult to match the holder with the person due to its anonymous nature.

However, this is also a feature of decentralized blockchain, 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 and more people participate in its ecosystem, it is inevitable that countries will bring it under regulation.

For example, on June 6, after multiple applications, the Mt.Gox exchange finally obtained a money service license issued by the Financial Crimes Enforcement System (FinCEN) of the U.S. Treasury Department. For this, they need to report to FinCEN regularly.

More than a month ago, Mt.Gox was targeted by the U.S. Department of Homeland Security, which believed that some of the users of the world's largest Bitcoin exchange were members of terrorist organizations 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 from the Financial Crimes Enforcement System of the U.S. Treasury Department, Mt.Gox also needs to provide the other party with user information to avoid the presence of monitored and sanctioned persons among them, so as to escape the other party's targeted investigation.

There is no way, the United States is so strong. The Mt.Gox exchange was targeted because of its high market share, and other BitC exchanges will inevitably encounter the same fate.

On June 6, Germany's Die Welt reported that the German government recognized the legal and tax status of BitC, becoming the ninth country in the world to officially recognize the legal status of BitC.

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

Next, German banks including Deutsche Bank and Eurobank will cooperate with the BitC exchange. They first reached a cooperation with the Mt.Gox exchange - Mt.Gox users can directly pay through these banks to purchase 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 9 years old, and Romanian programmer Mihaly. It is mainly used to popularize and promote BitC. It is a physical and online publication that has accumulated about 17 readers.

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

After the acquisition, BitC Magazine will continue to be run by Mihaly, while Vitalik Buterin, 19, was born in Russia and has 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 Brittany, Colo. 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 had great potential and I could give it a try!"

At this time, Vitalik's mind was full of BitC. He found that he could not balance his research, writing and studies in BitC at the same time. In addition, after selling "BitC Magazine", he had a certain economic foundation, so he decided to devote himself to the work in the BitC field.

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

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

……

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

"Classmates, welcome to the Magic City of China. I am Walker Morton, the leader of your summer camp. You can call me Walker. I am currently teaching at Aurora University. I hope you can get to know China better in this month..."

Under the welcome of this sunny-looking Englishman who teaches at Aurora University, no matter what imagination they had of China before, this group of young men and women could not help but look at the China they were seeing for the first time with curious eyes.

A total of 50 college students from various universities in Britain came to China this time. They will take advantage of the summer vacation to attend a one-month summer camp in China.

This summer camp activity is the first of its kind this year and is part of the "UK-China University Student Exchange Program" sponsored by the Devonshire Charity Foundation.

The so-called "UK-China University Student Exchange Program" refers to a voluntary selection of a certain number of university students in the UK and China to go to the two countries for a one-month "study tour" activity.

All expenses during this period will be covered by the Devonshire Charity Foundation, whose main 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 coming to China will also visit these universities and travel around Shanghai and its surrounding areas to experience the development of China and its customs and culture, so as to deepen their understanding of China.

Chinese students who go to England will visit top universities in England such as Cambridge and Oxford after touring London and its surrounding areas.

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

If this event is successful, the number of places will be increased to 100 students from each side next year...

(End of this chapter)