Daily View | Tuesday November 09

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【LAT】

Total issuance	Circulation	Pledge rate	Total pledge	Number of addresses
10,250,000,000	1127,840,000	25.86%	1,198,114,009.20	58,190

Data source: https://scan.platon.network/

【Quotes】

Trading pair	24 hours high	24 hours low	24-hour trading volume
LAT/USDT	0.1718	0.1568	71,372,840
BTC/USDT	68500.00	65180.01	10,886
ETH/USDT	4838.16	4711.00	169,831

Data source: Huobi Exchange

【10 days node data】

2021	Active	Candidate	Exiting	Exited
November 9	201	12	8	115
November 8	201	13	7	114
November 7	201	12	7	114
November 6	201	12	7	114
November 5	201	12	7	114
November 4	201	12	8	113
November 3	201	14	7	112
November 2	201	14	7	112
November 1	201	16	6	112
October 31	201	16	7	111

Data source: https://scan.platon.network/

【Industry News】

Bank of France: Wholesale CBDC will facilitate cross-border and cross-currency payments

Golden Finance reported that the Bank of France published an optimistic report on a series of experiments on its wholesale CBDC, but it also found some new problems. It is reported that the Bank of France started its wholesale CBDC program last year, cooperating with private banks and technology companies and other public institutions to conduct nine experiments, seven of which have been completed. The bank said these experiments show how CBDC can be used for wholesale payments, including cross-border and cross-currency payments and securities settlement. These experiments also tested several ways for the central bank to maintain control of central bank funds on DLT, especially the ability to implement programmable functions through the use of blockchain. Nathalie Aufauvre, the leader of the experimental program, said: “With the emergence of tokenized financial assets, we have proven that the combination of CBDC and the potential of new technologies can ensure the safe settlement of these asset transactions and thus contribute to the safe development of these innovations. We have also proved that wholesale CBDC will benefit cross-border and cross-currency payments because it can improve the efficiency of the processing chain.” However, the bank said that these experiments also raised some questions, the most important of which is that issuance can be How will the wholesale CBDC used by a large number of market participants affect the role of financial intermediaries and the transmission of monetary policy.

Russia will amend a number of legislation to promote the issuance of digital rubles

The Russian authorities are preparing to amend various legislations to promote the issuance and operation of the digital ruble. Moscow officials believe that this version of national legal tender needs to be regulated separately from other digital currencies (such as cryptocurrencies). Anatoly Aksakov, chairman of the Financial Market Committee of the Russian State Duma, said that Russian legislators plan to implement the legal changes necessary for the digital ruble concept in January 2022. He pointed out that the implementation of the digital ruble requires at least eight federal laws and five codes to be revised. The new regulations will cover many areas, such as the power of Russian banks to organize the circulation of new currencies, the legalization of them as a means of payment, and the legal protection of their holders. Aksakov is convinced that members of the State Duma, the lower house of parliament, must distinguish between the concepts of digital currency, stablecoin and digital ruble. He also believes that judicial protection of related rights must be guaranteed and cryptocurrency mining must be regulated.