OKEx: Bitcoin Cash Stops Falling, Blockchain Helps Anti-money Laundering
Bitcoin Cash(BCH): According to the data of well-known digital asset trading platform OKEx, the recent BCH spot market is in the range of 1000~1200. The Bitcoin Cash Price’s highest price since the opening of the previous trading day to the vicinity of 1052, the lowest price to 938, the amplitude of the day within the amplitude of 11.31%. It is expected that there will be a certain degree of follow-up declines, with a range of -5% to -10%. As of today's morning market, there has been a further declining trend, currently trading at around 1053.
Bitcoin Cash(BCH) T4HK line chart
Recently, the market of BCH has continued to decline, and the current price has stopped falling to a certain extent. It is expected that the price of the market may still fall to some extent; if the price of the market falls and breaks through the support, the market may experience further decline as a whole. Trends.
Industry News: Emerging technologies such as blockchain help anti-money laundering efforts
At the 2018 Eurasia Anti-Money Laundering and Anti-Terrorism Financing Summit organized jointly by the International Anti-Money Laundering/Anti-Terrorism Financing Network Institute (Eurasia) and the China Anti-Money Laundering Research Center of Fudan University, the participants believed that artificial intelligence (AI), Emerging technologies such as big data and blockchain have been widely used in anti-money laundering work at home and abroad, and have changed the mode of work of the supervisory departments. The effect has far exceeded.
Under the new regulatory situation, anti-money laundering and other work have been continuously upgraded, and the central bank has for the first time explicitly included third-party payment agencies in key areas and promoted its active anti-money laundering obligations. In January this year, the central bank issued a relevant notice. Since March 1, the People's Bank of China and its branches will initiate anti-money laundering on-site inspections of non-bank payment institutions. The investigated non-bank payment institutions shall provide relevant data in accordance with the interface specifications.
Yan Lixin, director of the China Anti-Money Laundering Research Center at Fudan University, said that preventing the occurrence of systemic financial risks is a fundamental task of financial work. In the future, anti-money laundering and other supervisory systems can be topped with anti-monetary weapons proliferation. Financing and anti-fraud."
Li Lizhong, a chief scientist of Big Data Future Big Data Group, believes that artificial intelligence will gather together related suspicious data through machine processing, which can solve the problems of manual analysis, but it cannot solve the problems of identifying precise problems and breaking data across organizations. Big data itself also has pain points and cannot guarantee the authenticity of the data. The blockchain feature can solve the above pain points.
It is reported that the company currently applied for blockchain technology to solve the underlying patents for digital currency anti-money laundering issues. Through top-level design, it will add identifying genes for future digital currencies. If international standards can be formed in the future, the cost of anti-money laundering will be greatly reduced and the anti-money laundering costs will increase. The efficiency of money laundering.