Chinese cryptocurrency rating demonstrates better bitcoin position
On July 31, the Center for the Development of the Information Technology Industry of China unveiled a new rating of cryptocurrencies, in which Bitcoin and Ethereum significantly strengthened their positions.
Chinese experts relied on the assessment of three main criteria: "Basic Technologies", "Applications" and "Innovations". In the comments to the regular ratings, they emphasize that the assessment is not based on the distribution or popularity of digital assets. This method has led to the fact that the main cryptocurrency regularly occupies the middle position in the list of more than three dozen digital assets.
The recent rating covered 37 cryptocurrencies, with Cosmos and Zilliqa tokens being added. Leadership in the overall standings (in terms of all three categories), continue to occupy EOS (153 points), Ethereum (148 points) and TRON (138 points), which took the first, second and third places, respectively. Interestingly, the problems with the law in China that TRON's founder Justin San faced, failed to push the cryptocurrency from the top.
However, Bitcoin is gradually gaining importance for CCID specialists. In this ranking, Bitcoin moved to 11th place with 103 points. Earlier, Bitcoin did not rise above 13th place, which BTC received in the first agency rating, published in May 2019.
01 August, 2019 12:03
UK FCA releases final edition of crypto guideline →
The British financial regulator released the final edition of its guideline for cryptocurrency regulation. The document was given to the public on July 31. The final document has hardly changed from the previous edition unveiled this January. At the same time, the UK Financial Conduct Authority has defined the tokens that are subject to FCA's control and regulation.
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