Is the Era of the "Crypto Promising Land" Gone? A Look into Singapore's Crypto Regulatory Policies
PrefaceOn August 15, 2023, Singapore finalized its final regulatory framework for stablecoin, becoming one of the first jurisdictions in the world to bring stablecoin into the local regulatory system. As a crypto promising land, Singapore has never stopped exploring and working on the regulation of the crypto industry. In this article, we will elaborate and analyze the development of Singapore's crypto legislation and important decrees.Key Insights♦ Singapore initially embraced the crypt...
Is the Era of the "Crypto Promising Land" Gone? A Look into Singapore's Crypto Regulatory Policies
PrefaceOn August 15, 2023, Singapore finalized its final regulatory framework for stablecoin, becoming one of the first jurisdictions in the world to bring stablecoin into the local regulatory system. As a crypto promising land, Singapore has never stopped exploring and working on the regulation of the crypto industry. In this article, we will elaborate and analyze the development of Singapore's crypto legislation and important decrees.Key Insights♦ Singapore initially embraced the crypt...
"加密热土”时代已逝？详解新加坡加密监管政策
前言2023年8月15日，新加坡确定了针对稳定币的最终监管框架，成为全球首批将稳定币纳入本地监管体系的司法管辖区之一。作为加密热土，新加坡从未停止对加密行业监管的探索和努力。本文将详细阐述和剖析新加坡加密立法的发展历程和重要法令。核心观点♦ 新加坡起初以金融开放的态度拥抱加密行业，但自2022年众多加密巨头倒台以来，MAS的监管政策趋于收紧，对加密资产保持着友好但不宽松的态度，尤其不看好加密市场的投机交易行为。 ♦ 2023年8月15日，MAS最终确定稳定币监管框架，对监管范围、储备金和赎回期等方面提出详细要求，如支持稳定币的准备金必须持有低风险和高流动性资产，这些储备金在任何时候都必须等于或超过流通中的稳定币的价值。此监管框架对大型企业和银行是利好消息，对中小企业不友好，合规成本很高。 ♦ 《支付服务法》（Payment Service Act, PSA）于2020年1月生效，涉及加密货币的要求主要在电子货币和数字支付代币（DPT）方面，比特币和以太币等均属于DPT，稳定币不属于e-Money，会根据实际情况决定稳定币适用的监管框架。MAS对两者采取不同的监管方式，如eMone...
"加密热土”时代已逝？详解新加坡加密监管政策
前言2023年8月15日，新加坡确定了针对稳定币的最终监管框架，成为全球首批将稳定币纳入本地监管体系的司法管辖区之一。作为加密热土，新加坡从未停止对加密行业监管的探索和努力。本文将详细阐述和剖析新加坡加密立法的发展历程和重要法令。核心观点♦ 新加坡起初以金融开放的态度拥抱加密行业，但自2022年众多加密巨头倒台以来，MAS的监管政策趋于收紧，对加密资产保持着友好但不宽松的态度，尤其不看好加密市场的投机交易行为。 ♦ 2023年8月15日，MAS最终确定稳定币监管框架，对监管范围、储备金和赎回期等方面提出详细要求，如支持稳定币的准备金必须持有低风险和高流动性资产，这些储备金在任何时候都必须等于或超过流通中的稳定币的价值。此监管框架对大型企业和银行是利好消息，对中小企业不友好，合规成本很高。 ♦ 《支付服务法》（Payment Service Act, PSA）于2020年1月生效，涉及加密货币的要求主要在电子货币和数字支付代币（DPT）方面，比特币和以太币等均属于DPT，稳定币不属于e-Money，会根据实际情况决定稳定币适用的监管框架。MAS对两者采取不同的监管方式，如eMone...
Research Report: An Overview of Telegram Bots
ForewordRecently, the Telegram bot venue has risen out of nowhere, and the price of Unibot tokens has skyrocketed 10 times, causing a new round of FOMO sentiment in the crypto market. In this article, we will do an in-depth analysis of the whole landscape, explain in detail the business performance of the representative projects, explore potential investment opportunities, and make necessary tips on risks. *This article is only for research and discussion, there may be bias and errors in fact...
Research Report: An Overview of Telegram Bots
ForewordRecently, the Telegram bot venue has risen out of nowhere, and the price of Unibot tokens has skyrocketed 10 times, causing a new round of FOMO sentiment in the crypto market. In this article, we will do an in-depth analysis of the whole landscape, explain in detail the business performance of the representative projects, explore potential investment opportunities, and make necessary tips on risks. *This article is only for research and discussion, there may be bias and errors in fact...
深度研报：全方位解析异军突起的TG bot赛道
前言最近Telegram机器人赛道异军突起，Unibot代币价格已暴涨10倍，引起加密市场新一轮FOMO情绪。本文将对机器人赛道做深入剖析，详细解读代表项目的业务表现，挖掘潜在投资机会，并就风险点做出必要提示。 *本文仅作为研究讨论，可能存在事实、数据、观点上的偏颇和错误，不构成任何投资建议，不承担法律责任。核心观点♦ Telegram机器人基于Telegram庞大的日活用户，使用户可以直接通过移动端实现简单功能，defi方面的主要功能包括交易代币(Trading)、新币狙击(Sniping)、复制交易(Copy trading)、撸空投(Airdrop farming)等，迎合了追捧meme币的玩家需求，也极有可能为加密领域引入新的用户。 ♦ 近期该赛道的引爆点是Unibot项目，该代币市值占整体赛道市值总量的70%以上，交易量和交易次数也遥遥领先于其他竞品；先驱项目Maestro Bots则在用户数方面占据优势；DEX机器人赛道的累计协议总收入已达$28.7M，Maestro的累计协议收入排名第一，约为800万美元。 ♦ Unibot协议收入绝大部分来源于交易税，而交易税体现...
深度研报：全方位解析异军突起的TG bot赛道
前言最近Telegram机器人赛道异军突起，Unibot代币价格已暴涨10倍，引起加密市场新一轮FOMO情绪。本文将对机器人赛道做深入剖析，详细解读代表项目的业务表现，挖掘潜在投资机会，并就风险点做出必要提示。 *本文仅作为研究讨论，可能存在事实、数据、观点上的偏颇和错误，不构成任何投资建议，不承担法律责任。核心观点♦ Telegram机器人基于Telegram庞大的日活用户，使用户可以直接通过移动端实现简单功能，defi方面的主要功能包括交易代币(Trading)、新币狙击(Sniping)、复制交易(Copy trading)、撸空投(Airdrop farming)等，迎合了追捧meme币的玩家需求，也极有可能为加密领域引入新的用户。 ♦ 近期该赛道的引爆点是Unibot项目，该代币市值占整体赛道市值总量的70%以上，交易量和交易次数也遥遥领先于其他竞品；先驱项目Maestro Bots则在用户数方面占据优势；DEX机器人赛道的累计协议总收入已达$28.7M，Maestro的累计协议收入排名第一，约为800万美元。 ♦ Unibot协议收入绝大部分来源于交易税，而交易税体现...
An In-Depth Look at Worldcoin: UBI Utopia or Crypto Colonialism?
PrefaceWorldcoin, a proof-of-personhood crypto UBI project founded by the CEO of OpenAI, raised $115 million in a Series C funding round in May of this year led by Blockchain Capital and followed by a16z and others. There has been a lot of controversy about this project. Is Worldcoin crypto-colonialism as the critics claim? This article will delve into the fundamentals of the project and dissect it on its potential risk points. *This article is for research and discussion only, and may contai...
An In-Depth Look at Worldcoin: UBI Utopia or Crypto Colonialism?
PrefaceWorldcoin, a proof-of-personhood crypto UBI project founded by the CEO of OpenAI, raised $115 million in a Series C funding round in May of this year led by Blockchain Capital and followed by a16z and others. There has been a lot of controversy about this project. Is Worldcoin crypto-colonialism as the critics claim? This article will delve into the fundamentals of the project and dissect it on its potential risk points. *This article is for research and discussion only, and may contai...
