Abstract: The AFF Multi Finance Group has arrived at a new phase of their business development in the financial industry after having been successfully granted the “Cryptocurrency Authentication License” on the 11th of January, 2020. As an immense turning point and a milestone for what’s ahead, the accomplishment has foreshadowed the more significant plans in store for the AFF Group, their potential investors as well as their clients worldwide. AFF Multi Finance Group has made the headlines this time around by acquiring the “Cryptocurrency Authentication License” as a reward for their professionalism and incredible skills in recognising the potential growth and advancement opportunities of the blockchain era in the financial industry. Their quick-witted response in identifying the blockchain storm and sending an efficient report at the beginning of 2020 has deemed them worthy to obtain the “Cryptocurrency Authentication License”. The Perks of Obtaining a Cryptocurrency Authentication LicenseThe main criteria to decide on the eligibility of a corporation lies in the hands of the State Council. Corporations with ongoing blockchain businesses and a high quality technical and standardized operation system will be recognised by the State Council to be eligible for the license. To put in simpler terms, the integration of blockchain technology is interrelated with the eligibility of the Cryptocurrency Authentication License. When a corporation has successfully obtained the license and integrated blockchain technology, they will be given higher dividend opportunities to strive in the industry. AFF Multi Finance Group is one of the fastest-growing corporations in the financial industry due to their impressive records of recruiting a full-fledged team of professionals in the finance, foreign exchange, and cryptocurrency fields. Since its establishment in 2012, AFF Group made it a priority to differentiate itself from most corporations without “cross-border” genes by taking an exceptionally skilful approach to revolutionise and diversify the development of their business plans. In fact, they have made quite an impact on the success of the financial industry with significant development projects, such as:
In order to work towards collective economic growth, AFF Group has further expanded its business by integrating cross-border blockchain technology as part of their efforts to achieve greater success in the near future. The reason they have accomplished this milestone is the result of their rooted belief in the concept of teamwork and reciprocal, mutual partnerships. Their long-established working experience in the financial industry has paved the way for AFF’s global competitiveness and the team’s capabilities to improve further and adapt to the industrial ecological chain, creating a sound value system built in partnership with global corporations and businesses. As told by an AFF representative: “For future development, we will prioritise implementing innovative and revolutionary ideas to make a difference in the industry. By continuously improving the work quality of our operations and business plans, we will achieve a higher (sic) growth and sustainable industrial structure. To make this happen, we promise to develop high-quality projects and provide new products and services that truly benefit the people.” None of this would have been possible without the initiative taken to integrate blockchain technology in the first place, which has allowed them to reach greater heights in the financial industry. Blockchain technology might be a prominent concept among corporations and businesses, but the actualisation of the technology remains a widely undiscovered concept with solely a few qualified corporations listed. This has hindered other corporations from obtaining the license as well as higher dividend opportunities. The Overall Concept of Blockchain TechnologyBlockchain technology, otherwise known as Distributed Ledger Technology (DLT), stands out from conventional technology for its essential characteristics which benefit the financial industry and corporations in significant ways:
Blockchain technology is a subversive technology that innovates and revolutionizes corporations with increased efficiency and timeliness in the digital economy era, thus earning public recognition of the reinstatement. The utilization of blockchain has become a potential milestone for corporations to obtain the “Cryptocurrency Authentication License” and further improve their business plans and structures to replace conventional authentication licenses and achieve scientific and technological breakthroughs in the following areas eventually:
In 2020, “Blockchain” has been officially incorporated into the scope of new infrastructure construction by The National Development and Reform Commission, which is inclusive of <<The General Plan For the Construction of the Hainan Free Trade Port>>. The future of blockchain technology has been detailedly planned out, whereby Hainan’s national blockchain technology and industrial innovation development base will be built by 2025; by 2035, an official set of standards and regulations for data rights, data transactions, as well as data security and blockchain finance will be established. As of now, the development of blockchain technology has been strictly observed and supported by the State Council, the Government, financial institutions, internet tycoons, and technology companies. Although the integration of blockchain technology into current businesses and transactions is a determining factor to obtaining the license, corporations are still required to possess the following attributes to earn a higher chance of being recognised by the State Council:
According to McKinsey’s research analysis, these requirements are necessary to ensure a fair and just process of determining corporations that are eligible for obtaining the license. In fact, the handling of blockchain registration has been restricted through and through in the city of Shanghai, ever since China has increasingly tightened its blockchain registration policy. With the continuous increase of capital supply for investments and the contribution of skillsets by the industry professionals, the development of blockchain technology is expected to be further enhanced soon.
In essence, the achievements of AFF Group in the integration of blockchain and “Cryptocurrency Authentication License” has encouraged further development to work towards new phases in the financial industry and services which they provide. As a multi-finance group, AFF has the responsibility to embrace and prioritise the revolutionary era of the industry to achieve more exceptional accomplishments. Comments are closed.
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