Anndy Lian argues “Recent crypto pumps are very different from the GameStop surge.”

On the article published by CryptoNews “Are GameStop-Style Surges In Crypto Any Different From Old Pumps & Dumps” on 7 February 2021, Anndy Lian commented on the current events of XRP and DOGE coin. Anndy argues that the recent crypto pumps are very different from the GameStop surge.

This view is shared by crypto advisor and investor Anndy Lian, particularly when it comes to XRP’s movement.

“For XRP, it was the same old game we’ve seen for a long time in the crypto space. They use news hype to draw retail investors. The retail investors think that they are fighting against the [US Securities and Exchanges Commission], but they are merely being used by the house,” he told Cryptonews.com.

As for DOGE, Lian suggested that its recent spike is a continuation of previous jumps that have been caused largely by its enthusiastic community of evangelists.

“In early Jan 2021, DOGE had already doubled its price. Last bull market, DOGE was upped 100X,” he said.

Anndy then went on to say that the recent craze for coordinated pumps is sustainable, even for GameStop and other traditional stocks.

“If you look at GameStop and AMC now, [they’ve] fallen by more than 70%. This proves again that this is not sustainable.”

This is particularly the case in crypto, even if neither DOGE nor XRP has actually fallen as much as GameStop from recent highs.

Anndy has also openly commented on Twitter on his views on the recent events.

The full article can be found at CryptoNews or on Google News: https://cryptonews.com/exclusives/are-gamestop-style-surges-in-crypto-any-different-from-old-p-9151.htm

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Anndy Lian Spoke at Global Roundtable Review: Short Selling: What is it? Why is it Risky and How this will affect Crypto?

Anndy Lian, Advisory Board Member to Hyundai DAC participated in event “Global Roundtable Review” organised by Block Review. Anndy Lian talked about the recent short selling incident for Gamestop and investors worked through social media to gain an advantage.

The following is a summary of Anndy’s speech:

An overview of the Gamestop saga: What is a short squeeze?

The last week of events is unprecedented in my opinion.
When you buy a stock, you own it and the price goes up due to the company’s performance and all. But when you short it, you are basically betting on the stock to do badly. Some hedge funds are shorting a couple of stocks. They shorted more than a 100%.

The reddit group used publicly available information, went in to buy the stocks and driving the price up, they created a short squeeze. The group drove up the price of the stock, leading to the hedge fund paying more than what they had sold it for before returning the borrowed shares, at the cost of professional traders.

That led to stopping Robinhood app that is targeted at mass retail investors to buy the stock. Forcing a crash and despite all these, the stock went back up. The people are winning.

If Gamestop new shareholders were to hold them long enough, the hedge funds will go out of business. Melvin Capital lost 53% of their investment.
Elon Musk and many other celebrities are also tweeting asking all to buy and hold. This movement has become organic.

 

What should investors know before shorting stocks?

Investors need to know what kind of risk they are getting themselves in. If you’ve ever lost money on a stock, you’ve probably wondered if there’s a way to make money when stocks fall. There is, and it’s called short selling. Even though it seems to be the perfect strategy for capitalizing on declining stock prices, it comes with even more risk than buying stocks the traditional way. Investing in stocks in the usual way is risky enough. Short selling should be left to very experienced investors, with large portfolios that can easily absorb sudden and unexpected losses.

 

How risky is it to be following leads on forums (like reddit)

If you are in investment groups or on social media, there are many groups soliciting to jab individual stocks. This is not something new. Social influencers are also doing this, in the stocks and crypto market. I would say it is very dangerous to follow blindly to the “financial advice” on social media as many times the expected outcomes are not what you want. This time this Reddit group managed to make it, but what about the hundreds or even thousands of times where retailor investors got hurt.

 

In the Gamestop saga, was there institutional money (the other camp) pushing the squeeze? Will blockchain technology help?

I hope not, else we will be losing faith in this so call free, open market in USA. I would believe not all hedge funds are bad. There are a small handful of bad actors right now. Nasdaq CEO is calling regulators to come in and account for what has been done.

Regulators should get to the bottom of this, how is it possible for them to short more than 100% of the stocks. The system must be upgraded. In order to have a fair market, this is also a perfect time to look at blockchain technology, this the same technology that is backing up Bitcoin and many others. Blockchain technology will improve transparency and efficient too.

The reddit group – called SatoshiStreetBets – has driven up price of Doge, similar to how WallStreetBets did for GameStop. DOGE started rallying after a Twitter user calling himself the chairman of WallStreetBets (though who is not affiliated with the subreddit) asked followers about the cryptocurrency.

“What you are seeing on DOGE is not a short squeeze. It is the effects of social media gathering and working together. You cannot short sell or squeeze DOGE. It’s only rising because of speculation.”

This DOGE movement is used to demonstrate how users can manipulate prices if they move together. An individual cannot drive the prices but a group or a community of people who worked on the same goal can do that.

 

Can a similar short squeeze situation happen in Singapore?

Short-selling is not banned in Singapore, but SGX already requires investors to mark sell orders as “long” or “short” and publishes both daily and weekly reports on short-selling activity. “Abusive” short-selling – for example, with the spread of false rumours – could also be prosecuted as market manipulation or deception under the Securities and Futures Act.
Such policies will improve transparency on short-selling activities in the securities market and enable investors to make more informed trading decisions. With the added on help with technology such as blockchain, it reduces the chance of us being in this situation.

But then again, “Anything can happen.” Maybe less likely in Singapore.

 

Video:

https://youtu.be/KeoTRTKrwVA

 

About Anndy Lian:

www.anndy.com/about

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Anndy Lian Spoke to BitcoinLive on NFT, Defi, Wall Street Bets, XRP and more

Anndy Lian, an intergovernmental blockchain advisor and entrepreneur based in Singapore spoke to BitcoinLive on 31 January 2021 on his views on NFT, Defi, Wall Street Bets, XRP and more.

Anndy started the session by sharing what he is doing right now. He has mentioned that he is taking a break and spending time to change some of his business from traditional to crypto like. He is looking at introducing NFT art to www.smexy.com, convert www.worldairfare.com from a referral business model to a crypto rebate scheme.

NFT is a hot topic and the host from BitcoinLive asked Anndy how he felt NFT is going for 2021. Anndy’s reply is bullish on the NFT market, he felt that there should be some price adjustments and protection for the consumer. The increase in price for Ethereum should not be the driving factor for NFT art for example to pump up the price. The price has to be pegged to the value of the artwork.

When asked on the latest development on the regulation space. Anndy highlighted on the newly released Defi research paper by South Korea’s government (Ministry of Science and NCT).

“This is the world’s first government-led Defi research paper. And I believe more governments will release their own in time to come. This shows governments’ interest and they are more ready to move into our space.” Anndy Lian told Blockcast.cc reporter.

On his views on XRP, Lian remained bullish on the outcome for XRP. He stated that right now XRP does not function like a securities and for the past, they have to sort this out properly with SEC. He also emphasized that XRP will still function well with or without Ripple as their businesses channels are all established.

Lastly, Anndy commented on the current movement, Wall Street Bets (WSB). He felt that the movement also served as a warning that financial markets are volatile and it is not for everyone.

“If a highly decentralised coin such as DOGE can be manipulated, any coins can be manipulated. So promoting WSB and changing your profile picture with the golden hair may have a negative backlash to this young crypto space.”

At the end of the session, Anndy cautioned all to be careful when investing and stay safe.

Video:

About Anndy Lian:

Anndy Lian is an early blockchain adopter and experienced serial blockchain entrepreneur who is known for his work in the government sector. He is a best selling book author “Blockchain Revolution 2030” and currently the Advisory Board Member of Hyundai DAC Technology. He plays a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region. Anndy is also part of the Gyeongsangbuk-do Blockchain Special Committee, Government of Republic Korea, together with industry experts such as Brock Pierce

Media Contacts:

Name: Melody Chan
Title: Editor
Website: https://www.blockcast.cc/about/​
Email: [email protected]

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“CBDC is the beginning of another evolution” Anndy Lian told Blockchain Today Magazine

South Korea leading blockchain magazine “Blockchain Today Magazine” published Anndy Lian’s thoughts on CBDC. This quote can be found on Blockchain Today Magazine, Volume 29 Special Edition, page 43.

암호 화폐 지불에 대한 수요가있을 때 암호 화폐 채택 으로 시장을 이끌 것이고, CBDC는 또 다른 진화의 시작입니다. 개인 적으로 가장 매력적인 사용 사례는 CBDC라고 생각합니다. 투명한 외환으로 연중 무휴 24 시간 국제 거래를 돕는 디지털화는 믿을 수 없을만큼 강력합니다. XRP, BNB, LTC 또는 스 테이블 코 인은 CBDC 이니셔티브에 맞춰 디 지털 법정 화폐를 교환하기위한 브리지 자산 역할을 할 것입니다. 블록 체인 및 암호 화폐 회사가 코 인과 블록 체인 기술이 미래 CBDC의 형성에 어떻게 도움이 될 수 있는지 보여주기 위해 이제 첫 번 째 단계를 밟아야합니다.- Anndy Lian, Advisory Board Member, Hyundai DAC

When there is demand for cryptocurrency payments, it will lead the market to cryptocurrency adoption, and CBDC is the beginning of another evolution. Personally, I think the most attractive use case is CBDC. Digitization is incredibly powerful, helping international trading 24/7 with transparent foreign exchange. XRP, BNB, LTC, or stablecoin will serve as a bridge asset to exchange digital fiat currencies in line with the CBDC initiative. Blockchain and cryptocurrency companies must now take the first step to show how coins and blockchain technology can help shape the future CBDC. (Direct translation by Google Translate)

CBDC stands for “central bank digital currency,” a new type of currency that governments around the world are experimenting with. Central banks have constantly evolved through the centuries, and history shows that. CBDCs is one o which. For a start, CBDC would ensure that economies go digital. It is more than just another way to pay. It is a catalyst for currency innovation.

Original Source: https://ebook.etarae.com/blockchain_today/02/#p=43

 

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Anndy Lian, Advisory Board Member at Hyundai DAC Spoke at Global DeFi Summit “Do the right thing for DeFi for it to grow.”

Anndy Lian, an early adopter of blockchain and cryptocurrency spoke at the Global DeFi Summit on 6 January 2021.

“Decentralized Finance (DeFi) will see a stronger interest from institutional investors this year. The macroeconomic trends of low-interest rate globally will also mean DeFi is more relevant to the companies. Traditional finance world keeps breaking, money and people will be redirected to Defi.” Anndy Lian shared.

What is the fastest-growing DeFi area or trend in 2021?

Defi will continue to grow rapidly in 2021.

A) Staking on Defi will grow faster than in 2020. This is closely linked to Ethereum 2.0. The launch of 2.0 is a critical step towards scaling ETH to a much larger capacity. The shift to POS allows huge amount of wealth to be staked as collateral. I would also think more users will not leave their ETH on exchanges. This then spurred to another observation.

B) I think there will be more Cefi and Defi integration in 2021. We will see integrations in traditional products. Crypto backed derivatives and cross-chain products will hit its peak by Q3 2021. We may also be seeing more crypto proprietary trading in 2021.

What challenges should we expect to arise for DeFi in 2021? Will regulators attempt to restrict or limit it in any way?

The challenges did not change. The reason why Defi grew so fast is due to the flawed financial structure. Governments will step in hard for 2021 but they are still playing a catch-up game. Based on what I know, governments know there are underlying enforcement issues. They are resorting to looking at using on-chain digital id to track and trace and enforce AML but this will again take time.

For example, DeFi lending projects will most likely be regulated in a similar way as financial institutions that offer margin lending. They will also be asked to register as a bank, a non-bank lender or a broker.

In conclusion, Anndy emphasized that we need to work closely together in this ecosystem and do the right thing for DeFi to grow.

Anndy Lian is an early blockchain adopter and experienced serial blockchain entrepreneur who is known for his work in the government sector. He is a best selling book author “Blockchain Revolution 2030” and currently the Advisory Board Member of Hyundai DAC Technology. He plays a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region. Anndy is also part of the Gyeongsangbuk-do Blockchain Special Committee, Government of Republic Korea, together with industry experts such as Brock Pierce.

This event is organised by Gulf Xellence and sponsored by YFDAI. Blockcast.cc is the PR company representing Anndy Lian.

 

About Blockcast.cc:

Blockcast.cc is a broadcasting news source for the blockchain community. Founded in Singapore. We have a network of partners in China, Hong Kong, South Korea, Singapore and Malaysia. We have also helped global blockchain and cryptocurrency companies reach their marketing, public relations and advertising goals.

Media Contacts:

Name: Melody Chan
Email: [email protected]
Website: www.blockcast.cc/about

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Anndy Lian’s comments on fighting scams quoted on Decrypt.co “Hackers Impersonate Crypto Exchange Gemini on YouTube”

Youtube related scam advertised videos continue to flourish on Youtube. Decrypt media publish an article yesterday on hackers impersonating Gemini Crypto Exchange on Youtube. Anndy Lian was also being quoted in the article.

Anndy’s commented in October openly on Twitter urging Youtube to get rid of misleading video that offers an extraordinary return in their investments.

“Come on @YouTube, please get rid of this fake LIVE videos, 105,000 watching, 2800 likes. I am sure @tylerwinklevoss @cameron @Gemini are not and will not run such schemes. #Crypto has a good future, let’s protect it.”

He has also cautioned all that we should be alert and not fall for the scams that are published.

“Always remember, if it is too good to be true, it is most likely not real. If you need to deposit into some strange address first and they promise 5 times more, it is most likely a scam. Do not fall for such traps.”

 

Such scam-like videos have been floating around for a while. Many of us have seen similar videos with Binance or Ethereum on them. These are all fake. And in July (reported by BBC), Apple co-founder Steve Wozniak sued YouTube for allegedly allowing scammers to use images and videos of him to defraud people.

“Crypto giveaway scams must be stopped. If Youtube cannot cope with this, we should try our best to inform and educate everyone about this. I do not want the general public to think that this is how the crypto space is like. Let’s fight the scams together.” Anndy Lian added.

For users who have encountered spam or scam videos or even comments on Youtube. Youtube staff review reported videos 24 hours a day, seven days a week. All is needed is to sign in to Youtube, there is a drop down menu below the player and click “Report”. For more information, you can follow the instruction on this link.

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Hackers Impersonate Crypto Exchange Gemini on YouTube

FCA-regulated crypto exchange Gemini exposed two fake YouTube channels on Twitter yesterday.

In brief

  • Crypto exchange Gemini has been impersonated by two YouTube accounts.
  • This kind of thing has been an issue in recent months.
  • Ripple CTO David Schwartz has also experienced problems with YouTube’s impersonation rules.
A hacker took over two YouTube accounts to appear as though they were associated with crypto exchange Gemini, according to a tweet from the company yesterday.

YouTube does not allow impersonations of people or channels on its platform, but impersonations remain an ongoing issue for the social media giant. On this occasion, the hackers rebranded the relevant YouTube accounts with Gemini’s brand name, as well as the crypto exchange’s logo. And Gemini wasn’t too happy.

“These scam accounts are not our company. We have reported these accounts to YouTube,” said Gemini’s official Twitter account yesterday.

What’s more, this is a problem that has appeared to persist for Gemini in recent months.

In October of this year, Twitter user Anndy Lian publicly asked YouTube to bring down fake videos that pretended to be associated with Gemini, as well as the crypto exchange’s co-founders and brothers, Tyler and Cameron Winklevoss.

“Come on YouTube, please get rid of this (sic) fake LIVE videos, 105,000 watching, 2800 likes. I am sure Tyler Winklevoss, Cameron Winklevoss, Gemini are not and will not run such schemes,” Lian said.

In July, Gemini itself addressed yet another scam alert, admitting it had been “getting DMs about fake Gemini profiles on various social media platforms.”

Gemini is not alone in running into problems on Youtube. Ripple CTO David Schwartz was banned in April for impersonating…himself. Looks like YouTube just can’t quite hit its mark.

Original Source: https://decrypt.co/50736/hackers-impersonate-crypto-exchange-gemini-on-youtube

Author: Scott Chipolina

This article is also in Russian and Turkish and is searchable on Google News.

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Yahoo Finance: Anndy Lian Spoke at Economics Summit 2020: “Cryptocurrency recreates the future of finance.”

Singapore, Singapore, Dec 5, 2020 – (ABN Newswire) – COVID19 has brought uncertainty to every sector. The financial industry has not been spared. There are vital concerns that are emerging for the Banking & Capital Markets. Economics Summit 2020, held on 2 November 2020, gathered a panel of industry experts to discuss current challenges and share future insights on the topic. Anndy Lian, one of the panelists, shared insights on Central Bank Digital Currencies (CBDC) and its form in the future.

The panel consists of Kent Choi (Team Leader, Credit Suisse), Yvonne Zhang (Director, Risk Advisory, Deloitte), Andrew Colquhoun (Executive Director, Monetary Authority of Singapore), and Anndy Lian (Advisory Board Member, Hyundai DAC) and moderated by Pau Khua Mung.

The topic of Central Bank Digital Currencies (CBDC) came up during the discussion. CBDC is known as a new type of currency that governments around the world are experimenting with. It is issued and controlled by the central bank is managed on a digital ledger or blockchain, the same technology that underpins cryptocurrencies such as bitcoin. CBDC also aims to expedite and increase the security of payments between banks, institutions, and individuals.

Andrew Colquhoun, MAS, mentioned that: “Digital currencies are a key area for MAS and central banks globally. Consensus views across different institutions show no immediate urgent use case for CBDC in this region. Many central banks are adopting a wait and see approach and still on a consultation basis.”

Further accelerating central banks’ considerations for the issuance of CBDC, Anndy Lian, Hyundai DAC added: “CBDCs are very early-stage and I believe CBDC is here to stay. CBDC is a form of digital fiat powered by blockchain for many, is traceable and accountable. It works 24/7, nonstop around the clock.” He also went on to clarify that CBDC is not a cryptocurrency. “We must be clear on this and not lumped this (CBDC) into the bucket of cryptocurrencies. There are also crypto companies looking at adding cryptocurrencies on top of CBDC and acting as a bridge. But this is a different concept.”

Digital currencies are still early. It is essential to understand the pros and cons behind it. Digitalization has prompted both regulators and the public to demand increased privacy. Same for CBDCs. Many technologists believe that the right design structure for CBDCs will ensure privacy. “There are many misconceptions on the technology and concept. It will take time to design a suitable model. In my opinion, CBDCs complement and not replace cash. Cryptocurrency recreates the future of finance.” Anndy sums up.

Economics Summit 2020 is an annual event organized by SIM Economics Society (SIMES). SIMES is a student-led society at the Singapore Institute of Management (SIM) committed to learning and researching global economic challenges.

Kevin Kristano, VP in Marcomm, SIMES thanked all the speakers and his colleagues for making this event possible and told the reporter: “Covid-19 has accelerated a vast array of technology adoption and digital transformation in several industries, like banking and finance. I believe that this change is imminent, regardless of the pandemic. I look forward to how this technological shift would affect the global economy.”

The two days summit ended on 2 November 2020. To view the video recording for this panel, go to https://youtu.be/hwgfXNUuwsw

Contact:

Name: Jenny Zheng
Title: Editor
Email: [email protected]
Website: www.blockcast.cc

 

Source: https://au.finance.yahoo.com/news/anndy-lian-spoke-economics-summit-073400312.html

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Anndy Lian Spoke at Economics Summit 2020, Future of Banking & Capital Markets: “CBDCs complement and not replace cash. Cryptocurrency recreates the future of finance.”

 

COVID19 has brought uncertainty to every sector. The financial industry has not been spared. There are vital concerns that are emerging for the Banking & Capital Markets. Economics Summit 2020, held on 2 November 2020, gathered a panel of industry experts to discuss current challenges and share future insights on the topic. Anndy Lian, one of the panelists, shared insights on Central Bank Digital Currencies (CBDC) and its form in the future.

The panel consists of Kent Choi (Team Leader, Credit Suisse), Yvonne Zhang (Director, Risk Advisory, Deloitte), Andrew Colquhoun (Executive Director, Monetary Authority of Singapore), and Anndy Lian (Advisory Board Member, Hyundai DAC) and moderated by Pau Khua Mung.

The topic of Central Bank Digital Currencies (CBDC) came up during the discussion. CBDC is known as a new type of currency that governments around the world are experimenting with. It is issued and controlled by the central bank is managed on a digital ledger or blockchain, the same technology that underpins cryptocurrencies such as bitcoin. CBDC also aims to expedite and increase the security of payments between banks, institutions, and individuals.

Andrew Colquhoun, MAS, mentioned that: “Digital currencies are a key area for MAS and central banks globally. Consensus views across different institutions show no immediate urgent use case for CBDC in this region. Many central banks are adopting a wait and see approach and still on a consultation basis.”

Further accelerating central banks’ considerations for the issuance of CBDC, Anndy Lian, Hyundai DAC added: “CBDCs are very early-stage and I believe CBDC is here to stay. CBDC is a form of digital fiat powered by blockchain for many, is traceable and accountable. It works 24/7, nonstop around the clock.” He also went on to clarify that CBDC is not a cryptocurrency. “We must be clear on this and not lumped this (CBDC) into the bucket of cryptocurrencies. There are also crypto companies looking at adding cryptocurrencies on top of CBDC and acting as a bridge. But this is a different concept.”

Digital currencies are still early. It is essential to understand the pros and cons behind it. Digitalization has prompted both regulators and the public to demand increased privacy. Same for CBDCs. Many technologists believe that the right design structure for CBDCs will ensure privacy. “There are many misconceptions on the technology and concept. It will take time to design a suitable model. In my opinion, CBDCs complement and not replace cash. Cryptocurrency recreates the future of finance.” Anndy sums up.

Economics Summit 2020 is an annual event organized by SIM Economics Society (SIMES). SIMES is a student-led society at the Singapore Institute of Management (SIM) committed to learning and researching global economic challenges.

Kevin Kristano, VP in Marcomm, SIMES thanked all the speakers and his colleagues for making this event possible and told the reporter: “Covid-19 has accelerated a vast array of technology adoption and digital transformation in several industries, like banking and finance. I believe that this change is imminent, regardless of the pandemic. I look forward to how this technological shift would affect the global economy.”

The two days summit ended on 2 November 2020. To view the video recording for this panel, go to https://youtu.be/hwgfXNUuwsw.

 

Media Contacts:

Name: Jenny Zheng

Title: Editor

Email: [email protected]

Website: www.blockcast.cc

 

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Anndy Lian Shared his views on the role of Central Bank Digital Currencies and Cryptocurrencies at Singapore Cloud & Datacenter Digital Summit

Anndy Lian moderated a session on Fintech Market Analysis: The Impact of Interconnectivity in Singapore at the Singapore Cloud & Datacenter Digital Summit on 26 November 2020. In his speech, he shared his views future of the Fintech market and the role of Central Bank Digital Currencies and Cryptocurrencies (CBDC).

“I think at the right time, and when there is a demand for cryptocurrency payments is there, it will drive the market towards crypto adoption. CBDC is the start of another evolution.” Anndy Lian commented.

Joel Yarbrough added, “Personally, I think the most compelling use case is CBDC. The digitalisation of currency helping cross border trading 24/7 with transparent foreign exchange is incredibly powerful.”

Anndy shared further that he is still advising governments in the region on blockchain matters and the more innovative ones are looking at using core crypto coins, e.g. XRP, BNB, LTC or stable coins to act as a bridge asset to exchange digital fiat aligned to their CBDC initiatives. He also highlighted separately that blockchain and cryptocurrencies companies must take the first step to showcase how their coin and technology can help the formation of the future CBDCs.

This session came at the right time where the pandemic COVID19 accelerates Singapore’s digital push. The drive for digitisation is more substantial than before and behind the powerful force is Singapore’s Government taking the lead and setting aside more than S$500m to assist Singaporeans and local businesses manage the crisis through digital transformation. Today at another media interview, Sopnendu Mohanty, Chief Fintech Officer, Monetary Authority of Singapore mentioned that year to date, there are already $1.3 billion of Fintech investments made.

The panel lead by Anndy Lian (Hyundai DAC Technology) and with panellists Khuan Yew Lee (Fave), Joel Yarbrough (Rapyd) and Varun Mittal (EY) discussed topics like:

1. What’s driving the growth of contactless payments in the digital transformation of Singapore?

2. Fintech is an ever-evolving industry, with its mandate broadening with each iteration (1.0, 2.0 and now 3.0). At the same time, early fintech players like Paypal are at no risk of going out-of-date due to the evergreen necessity of payment platforms. Where do you see the most significant potential for fintech expansion in Singapore?

3. Many estimations are putting the adoption rate of digital payment platforms at an all-time high. Even for cloud-native companies, this presents capacity challenges. How do you deal with speeding up deployment to match this demand?

4. How do you see the embrace of blockchain influencing the fintech market (more than it already has)?

Singapore Cloud & Datacenter Digital Summit has brought the top 200 IT and data centre professionals to hear from industry leaders and new entrants on what to expect from a hub market, the downstream opportunities to the edge markets, and the innovation of technology in the space of Cloud Computing, connectivity, cybersecurity and data centres. Other speakers include: Daryl Pereira (KPMG Singapore), Palaniappan Muthuraman (Piller Power Singapore Pte. Ltd), Clement Goh (ST Telemedia Global Data Centres), Atul Babu (PCCW Solutions Limited), Anthony Hodge (Standard Chartered Bank)

BLOCKCAST reported this session. BLOCKCAST.CC a broadcasting news source for the blockchain community founded in Singapore.

About Anndy Lian:

Anndy Lian is an early blockchain adopter and experienced serial blockchain entrepreneur who is known for his work in the government sector. He is a best selling book author “Blockchain Revolution 2030” and currently the Advisory Board Member of Hyundai DAC Technology. He plays a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organisation committed to improving productivity in the Asia-Pacific region. Anndy is also part of the Gyeongsangbuk-do Blockchain Special Committee, Government of Republic Korea, together with industry experts such as Brock Pierce. You can read more about Anndy’s work at www.anndy.com

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Anndy Lian Emphasizes: “Digitalization has struck every government as a priority never before.” at Hong Kong Blockchain Week 2020

Anndy Lian and a panel of experts spoke on “Digital Transformation and Innovation: What’s New for Governments and Businesses” at the Hong Kong Blockchain Week 2020. This session is timely as COVID19 has accelerated the pace of digital transformation, decision-makers who were reluctant to adopt and adapt have harnessed technology innovation to keep their companies afloat, and governments are relying on digital solutions to respond quickly to the global crisis.

Digitalization has become essential and has brought up its real purpose in such times. According to ASME-Microsoft study 2020, 83% of small and medium enterprises (SMEs) in Singapore now have digital transformation strategies. More than half (54%) reported delays in their digitalization plans due to COVID-19. Also, despite higher digital transformation adoption, only two in five SMEs perceive their efforts to be successful. This study also coincides with what Olga Yaroshevsky, the moderator of this panel, has mentioned in global trends that only 30% of digital projects implemented have exceeded its target value.

“This is not alarming, and this trend has happened long before the COVID19 times. Governments and associations are trying hard to push the technology agenda into businesses. Legacy is not the main issue. It is an excuse. I think human interference is a bigger deferral for the adoption of new technology. “Anndy Lian, Advisory Board Member, Hyundai DAC Technology commented.

Lian added: “Whenever there is a new technology in place such as negativity, I do see much negativity that comes along with it. People do not see the positive aspects of things on such innovation. Many are too relying on government grants, which is a big disadvantage, for example. Take Singapore, for example. In the past decade, companies took advantage of the grants, but the result is that most of them stopped using it after the claims were made. This is mainly because of their mindset, and their starting point when obtaining the grant is not with the correct intention and purpose. For innovation to grow, it has to be a win-win for everybody, companies need to have the right mindset, and a good push from the government will kick start innovation in a much better manner.”

Dr. Toa Charm, Chairman, OpenCertHub & Associate, and Professor, CUHK Business School, agreed with Anndy’s point. “The subsidy is helpful but not sustainable. Companies must appreciate the digital transformation culture and appreciate the digital transformation. In the times of COVID19, governments have placed additional subsidies and grants to SMEs and different programs, but this is only for a short period and may not be sustainable. We have to make it closer to what the companies are doing, embedding the technology in our daily lives seamlessly.”

Last but not least, Anndy emphasized, “Digitalization has struck every government as a priority never before. The move into digital with AI, big data, automation, blockchain & cryptocurrencies will stay with us for a long time.”

This session consists of Anndy Lian, Advisory Board Member, Hyundai DAC Technology, Dr. Ernie Teo, Vice-Chairman, Blockchain Association Singapore, Mohammad Sear, Associate Partner, Digital Government & Public Sector Advisory, EY, Dr. Toa Charm, Chairman, OpenCertHub & Associate and Professor, CUHK Business School and moderated by Olga Yaroshevsky, NexChange Group. The panelists have also shared their insights on the subject matter, and the full recording can be found online at https://youtu.be/3aYJD6hkhKs.

Hong Kong Blockchain Week 2020, hosted by NexChange and led by their Chairman Juwan Lee delivers specialist content and expert discussions directly from industry leaders who are building the future of blockchain technology and digital assets. Professionals from all parts of the ecosystem, including investors, government, start-ups, and enterprises, come together for deep learning, robust discussions, and high-impact networking. This is the largest blockchain virtual event in Hong Kong will see the global blockchain community converge to discuss the latest developments and insights into the evolving, real-world applications of blockchain technology in finance, investment, enterprise, socially essential projects, and the global payment industry.

About Anndy Lian:
Anndy Lian is an early blockchain adopter and experienced serial blockchain entrepreneur known for his work in the government sector. He is a best-selling book author, “Blockchain Revolution 2030” and currently the Advisory Board Member of Hyundai DAC Technology. He plays a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region. Anndy is also part of the Gyeongsangbuk-do Blockchain Special Committee, the Government of Republic Korea with industry experts such as Brock Pierce. You can read more about Anndy’s work at www.anndy.com.

About Hong Kong Blockchain Week:
Hong Kong Blockchain Week 2020, 17-19 November, delivers specialist content and expert discussions directly from industry leaders who are building the future of blockchain technology and digital assets. Professionals from all parts of the ecosystem, including investors, government, start-ups, and enterprises, come together for deep learning, robust discussions, and high-impact networking. High profile speakers such as Dr. David Chung JP, Under Secretary for Innovation and Technology, Hong Kong; Dan Morehead, CEO & CO-CIO, Pantera Capital; Justin Sun, Founder, TRON & CEO, BITTORRENT; Roger Ver, Founder of BITCOIN.COM and Charles Hoskinson, CEO of IOHK & Founder of CARDANO were present

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Anndy Lian’s Speech on “Cryptocurrency Regulation & Commercialisation 2021” at Digital Assets Investment Conference

Anndy Lian gave a speech on “Cryptocurrency Regulation & Commercialisation 2021” at the Digital Assets Investment Conference on 13 November 2020. Anndy is an early blockchain adopter and experienced serial blockchain entrepreneur who is known for his work in the government sector. He is a best selling book author “Blockchain Revolution 2030” and currently the Advisory Board Member of Hyundai DAC Technology. In his speech, he gave an overview of regulations for cryptocurrency globally for 2021 & beyond, commercial adoption & implementation, and finally trends to look out for in 2021.

An Overview

He started by sharing some positive headlines:

– Investment banking giant JPMorgan is about to see the first commercial transactions with its own cryptocurrency, JPM Coin.
– PayPal allows Bitcoin and crypto spending. It has gone live today.
– Jack Dorsey’s Square buys $50 million in bitcoin
– Mode allocated up to 10% of cash reserves to purchase #Bitcoin and adopt it as a treasury reserve asset
– DBS Bank Is Planning to Launch a Digital Asset Exchange
– 22 Indian Bank Branches to Begin Offering Crypto Banking Services
– Alibaba Founder Jack Ma: “Digital Currencies” Are the Future
– World’s Second-Biggest Bank, China Construction Bank (CCB) has tapped Labuan-based digital asset exchange Fusang for the issuance of $3 billion worth of debt securities over a blockchain.

Then he also shared the not so positive headlines:

– BitMEX founder arrested for violation of US anti-money laundering laws
– China’s OKEx halts cryptocurrency withdrawals after founder arrested
– $150M Stolen by Hackers from KuCoin Crypto Exchange

Based on the above, Anndy felt that this is a positive sign in his opinion and stated that the blockchain and cryptocurrency space is taking its shape. Regulations are catching up. Investors are more aware of what they are investing in. And it is heading for mainstream.

Government attitude

The surveyed countries have categorized cryptocurrencies differently for tax purposes, as illustrated by the following examples:

Israel→taxed as an asset
Bulgaria→taxed as a financial asset
Switzerland→taxed as foreign currency
Denmark→subject to income tax and losses are deductible
United Kingdom→corporations pay corporate tax, unincorporated businesses pay income tax, individuals pay capital gains tax

In Singapore, the nation has started recognizing cryptocurrencies in 2017. The Payment Services Act (PSA) in Singapore, which came into effect on 28 January 2020, stated that cryptocurrency businesses must obtain a license from MAS to comply with AML/CFT regulations. This expands to companies that both transfer cryptocurrency within Singapore and outside of Singapore.

Similarly, more forward-looking countries have also started their public consultation for specific crypto-related bills to be passed.

To sum up, in this part, Lian emphasizes that we have to follow the rules and be upfront and open when dealing on unclear grounds. Having said so, the crypto space has been shifting and changing very fast. Experts should also find channels to update governments of the latest developments like Defi, AMM, and PMM and keep them informed of the latest scams and Ponzi schemes in the market. Proper education and awareness must be told to their people to avoid any form of fraud. Leading exchanges like Binance are always giving free lessons and updates on the industry. Information from credible sources and channels like them should be a useful reference. A formalized think tank in blockchain and cryptocurrencies accredited by the government must also be set up to be the voice.

Paths to commercialization

There must be clear incentives for the stakeholders and clients to drive proper ROI on the blockchain solutions. It should potentially have the ability to create revenue and cost-saving outcomes by using this new technology.

Blockchain technology implementation is no different from other technology. There must be clear strategic objectives, road maps, and specialized skill sets needed to drive commercialization and deliver business value.

It should also be an integrative approach, able to scale and provide a level of standardization so that existing data management and process standards can be applied to the blockchain solution.

Trends in 2021

Anndy highlighted that prop trading would be introduced, and social trading will gain more popularity in early 2021. On top of this, he also stated that STO would be more mature in 2021, more licenses will be approved, and will be operational in Q4.

Lian also mentioned briefly that DeFI would be more sustainable next year, stating that most of the higher risk companies would be flushed out from the ecosystem because of competition.

He mentioned that there would be more licensed LOTTO businesses getting into the crypto space.

Finally, he is optimistic that 2021 will hit a new milestone for the leading blockchain companies, and governments will be supportive. He also ended with an insightful quote.

“I do think that it is possible that Bitcoin goes to $100,000 but once it starts to affect governmental monetary policy and fiscal policy. You will see a whole different reaction.”- Anndy Lian

About Anndy Lian

Anndy Lian is an early blockchain adopter and experienced serial blockchain entrepreneur who is known for his work in the government sector. He is a best selling book author “Blockchain Revolution 2030” and currently the Advisory Board Member of Hyundai DAC Technology. He plays a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region. Anndy is also part of the Gyeongsangbuk-do Blockchain Special Committee, Government of Republic Korea, together with industry experts such as Brock Pierce. You can read more about Anndy’s work at www.anndy.com

 

About STOBOX:

STOBOX gives businesses access to a worldwide community of retail and private accredited investors. They provide a full range of services for issuing next generation digital security on a distributed ledger, including legal structuring, technical setup, preparation of marketing materials and organization of a fundraising campaign. The offering of digital securities is conducted in complete compliance with EU financial regulation.

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“Hyundai will help jump-start this industry a lot faster”: Anndy Lian, Advisory Board Member of Hyundai DAC

Anndy Lian has recently been appointed as the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group where he looks after the governance and compliance aspects of the business. He is an all-rounded business strategist with more than 15 years of experience in Asia. He has provided advisory across a variety of industries for local, international and public listed companies.

Hdac Technology is a blockchain technology company headquartered in Zug, Switzerland. Founded by Chung Dae-Sun, the company intend to develop and provide a decentralized platform that can satisfy various requirements required in a hyperconnected society through the convergence of core technologies such as IoT, cloud, and big data with blockchain.

“I have joined Hyundai DAC as it is a big brand to reckon with and this is what the blockchain industry needs right now. Blockchain is here to stay and I continue to advocate strongly for this technology, putting up a strong voice to businesses and governments. Movers and shakers like Hyundai who owns a huge ecosystem will help jump-start this industry a lot faster.”

– Anndy Lian told Sarah Robinson, Reporter at Newslookout.

Anndy has been pro-government in his blockchain and crypto journey. He plays a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region. He advises the Secretariat on the latest concepts and applications of blockchain technologies in cybersecurity and IoT network data integrity across smart factories and upskills the Secretariat staff in blockchain technologies as applicable to productivity. APO members include Bangladesh, Cambodia, Republic of China, Fiji, Hong Kong, India, Indonesia, Islamic Republic of Iran, Japan, Republic of Korea, Lao PDR, Malaysia, Mongolia, Nepal, Pakistan, Philippines, Singapore, Sri Lanka, Thailand, and Vietnam.

He is also part of the Gyeongsangbuk-do Blockchain Special Committee, Government of Republic Korea, together with industry experts such as Brock Pierce (Chairman, Bitcoin Foundation) and Alexis Sirkia (Founder of Yellow.com), helping the province to grow using blockchain technologies.

Prior to being active in the blockchain space, Anndy played a leadership role in a not-for-profit and quasi-government linked organizations such as Singapore Business Federation (SBF) and Singapore Institute of International Affairs (SIIA) where he worked alongside policymakers, private sector decision-makers, and experts to create business value propositions for different industries.

His book titled “Blockchain Revolution 2030” and is published by Kyobo Books, the largest bookstore chain in South Korea, shares insights on how blockchain technology plays an important foundation for the Fourth Industrial Revolution.

His blockchain knowledge and work have drawn attention from various international media such as Forbes, Bloomberg, Reuters, Yahoo, Nasdaq, FOX News, The Straits Times, Business Times, ABC News, Singapore Business Review, Asia Business Weekly, CBS News, CNET, ZDNET and more.

Anndy is also the founder, investor, advisor, author and board member to several other companies in Asia and Europe. Most recently, he led a project to become the World’s First Initial Exchange Offering (IEO) on EOS-based Decentralized Exchange.

An avid supporter of incubating start-ups, Anndy has investments in several traditional companies. He has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

 

(This interview is curated by BLOCKCAST.CC and originally published on News Lookout.)

Original Source: https://www.newslookout.com

Author: Sara Robinson

Image Credits: Anndy.com

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