Strengthening Digital Construction and Enhancing Smart Regulatory Capabilities and Levels: The Future of Internet Platform Supervision
According to reports, on April 13th, Luo Wen, Director of the State Administration for Market Regulation, stated that it is necessary to strengthen digital construction and enhance
According to reports, on April 13th, Luo Wen, Director of the State Administration for Market Regulation, stated that it is necessary to strengthen digital construction and enhance smart regulatory capabilities and levels. Actively explore the application of new technologies such as big data, blockchain, and artificial intelligence in the supervision and law enforcement of internet platforms, accelerate the construction of a national network transaction supervision platform, strengthen network wide monitoring, early warning, and risk prevention and control, focus on enhancing penetration supervision capabilities, achieve unified command, unified coordination, rapid response, and timely disposal, and improve the accuracy, timeliness, and effectiveness of supervision. Optimize service measures to better unleash the momentum of digital economy development.
State Administration of Market Regulation: Actively exploring the application of new technologies such as big data and blockchain in internet platform supervision and law enforcement
The Internet has expanded tremendously over the past few decades, providing remarkable opportunities for commerce and communication worldwide. However, this expansion has also brought new forms of risks and challenges, especially for the market and regulatory authorities. As a result, the Chinese government has decided to strengthen digital construction and improve smart regulatory capabilities to enhance internet platform supervision. This article outlines the measures that the State Administration for Market Regulation intends to implement to achieve heightened supervision and better unleash digital economy’s momentum.
Why is it necessary to enhance smart regulatory capabilities and levels?
Luo Wen, Director of the State Administration for Market Regulation, has highlighted the need to strengthen digital construction and enhance smart regulatory capabilities and levels. The rapid evolution of technology is providing internet platforms with new ways to reach millions of consumers, making it increasingly challenging for regulatory authorities to implement appropriate measures. Therefore, the government must actively explore new technologies such as big data, blockchain, and artificial intelligence to supervise and enforce the law on internet platforms actively.
Measures to achieve Effective Internet Platform Supervision
To achieve smart regulatory capabilities in internet platform supervision, the State Administration for Market Regulation will implement several measures.
Application of new technologies
One of the crucial measures includes the exploration of new technological advancements such as big data, blockchain, and artificial intelligence. Advanced technologies provide the authorities with accurate market information, real-time network-wide monitoring, and risk prevention and control capabilities.
Acceleration of the National Network Transaction Supervision Platform
To streamline internet platform supervision, the government will accelerate the development of a national network transaction supervision platform. The platform will facilitate integrated command, unified coordination, rapid response, and timely disposal while improving accuracy, timeliness, and effectiveness of supervision.
Improvement of Penetration Supervision Capabilities
The authorities will focus on enhancing penetration supervision capabilities by implementing network-wide monitoring, early warning, and risk prevention and control, with centralized oversight. These measures will ensure minimal risks to consumers and foster growth in the digital economy.
Optimizing service measures
Finally, it is essential to optimize the service measures to ensure regular communication between internet platforms and regulatory authorities. This communication aims to simplify internet platform supervision and to better unleash the momentum of digital economy development.
Conclusion
In conclusion, strengthening digital construction and enhancing smart regulatory capabilities is critical to supervise the ever-expanding internet market. The State Administration for Market Regulation has proposed several measures to ensure a robust supervision system, including the application of advanced technologies, acceleration of the national network transaction supervision platform development, improved penetration supervision capabilities, and optimized service measures. These measures intend to simplify the regulatory processes, improve public confidence in internet platforms and foster growth in the digital economy.
FAQs:
1. What are the implications of implementing these measures on businesses operating on internet platforms?
> Implementing these measures will foster increased market transparency, ensuring fair competition and improving consumer confidence in these businesses.
2. What government agencies work in tandem to ensure internet platform supervision?
> The government agencies working in tandem include the State Administration for Market Regulation, the Cyberspace Administration of China, and the Ministry of Industry and Information Technology.
3. How will optimizing service measures improve digital economy development?
> Simplifying the regulatory processes will provide internet platforms with ample room for innovation and allow for a healthy digital economy development.
This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/14806/
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Recommended articles
-
What is gbyte (gbk)?
What is gbyte? According to official sources, gbyte is a decentralized digital a
-
DeFi Agreement Euler Finance Experiences $10M Exposure
According to the report, Idle Finance of the DeFi agreement tweeted that after investigation, the exposure of Euler Finance event to the agreement’s Yield Tranches strategy involved about US $5.35 million in stable currency and 320 ETHs, and the exposure of Best Yield strategy involved US $4.8 million in stable currency and 313 ETHs. IdleFinance: The relevant strategies are affected by the Euler event, involving about US $11 million in stable currency and 630 ETHs Analysis based on this information:Idle Finance, a decentralized finance (DeFi) agreement, announced that Euler Finance event resulted in an exposure of approximately $10.15 million worth of stable currency and ETH. Specifically, the exposure of Yield Tranches strategy involved about $5.35 million in stable currency and 320 ETHs, while the Best Yield strategy involved $4.8 million in stable currency and 313 ETHs. This news highlights the risks that come with investing in DeFi protocols. The exposure of Euler Finance event to Idle Finance agreement shows that…
-
The new Arkansas law stipulates that Bitcoin mines will have the same rights as data centers
On April 10th, it was reported that a new bill in Arkansas, which stipulates that Bitcoin mines will have the same rights as data centers, has been approved by the House and Senate
-
Understanding Crypto Wallets: Hot vs. Cold
According to a report by CoinGecko, eight out of ten crypto investors store their digital assets in hot wallets. Seven out of ten respondents said they store assets on centralized
-
What crime does accepting black money for selling cryptocurrency constitute? (Selling cryptocurrency, how long in detention)
What crime does accepting black money for selling cryptocurrency constitute? Ac
-
Is Twitter Secretly Promoting Advanced Artificial Intelligence Research Despite Musk’s Stance?
According to reports, two insiders revealed that although Musk signed an open letter calling for a six-month suspension of advanced artificial intelligence research, Twitter secret
-
Understanding the Panic and Greed Index: A Detailed Analysis
According to reports, the panic and greed index today was 55 (yesterday was 63), indicating an increase in the level of greed compared to yesterday, with the level still being gree
-
Celestia starts the second phase of the Blockspace Race test network
It is reported that the modular blockchain network Celestia has started the second phase of the test network Blockspace Race, with cross chain bridge nodes, full storage nodes, and
-
GGridex Launches GDX Platform Currency, price surge exceeds $0.875
According to reports, the market shows that the GGridex platform currency GDX was officially launched on March 15, with the price of d5.xyz continuing to break a new high, exceeding $0.875 today. Over 150% increase in 24 hours. GDX’s price broke through $0.875 today and reached a new high, increasing by over 150% in 24 hours Analysis based on this information:The digital currency market witnessed the launch of the GGridex platform currency GDX on March 15th. As per reports, the price of the GDX currency has surged aggressively, breaking all previous records and surpassing $0.875 at present, up by over 150% in just 24 hours. This sudden surge has created waves in the market and has captured the attention of potential investors, making it a viable investment opportunity. GGridex, known for its innovative blockchain solutions, has launched the GDX platform currency to cater to the increasing demand of investors looking for opportunities within the digital token market. The GDX platform…
-
“Hacker Account Transfers Funds to Tornado Cash”
It is reported that according to CertiK monitoring, the account address (0x35596b) marked by Etherscan as “Dynamic Explorer 2” has transferred the funds to Tornado Cash. This address has been used by hackers for Dynamic attacks. Up to now, 74.4 BNBs (about US $21400) have been transferred from this address. 0x35596b Transferred funds to Tornado Cash Analysis based on this information:According to a report by CertiK monitoring, an account address previously marked by Etherscan as “Dynamic Explorer 2” has transferred funds to Tornado Cash. This account has been known to be used by hackers in dynamic attacks, and so far, a total of 74.4 BNBs (roughly valued at $21400) have been transferred from this address. The transfer of funds to Tornado Cash raises suspicion as the platform is known to be used for obfuscating transaction details, effectively making it difficult to trace the origins of the funds. It is, therefore, highly probable that the hackers are using Tornado Cash to…
-
What currency has been launched recently (which currency has been popular recently)
According to official news, what currency has been launched recently; Top ten currencies: BTC, LTC, and ETH; What are the hottest currencies worth paying attention to in 2019 Bitcoin has shown a relatively strong trend recently. After experiencing significant fluctuations in the early stages, it quickly lowered to a low of $9280 in the early hours of yesterday, and then rebounded above $9400. At present, the market is running smoothly and the market sentiment is stable. Various hot topics have continued to rise recently, but there is no room for effective rise or fall What currency is popular recentlyAccording to Coinmarketcap data, the market value of global Cryptocurrency is currently US $329.3 billion, an increase of about 16 times over the same period last year. What currency has been quite popular lately? Besides mainstream assets, what are the most popular digital currencies currently? According to the statistics of coinmarketCap, the best performing currencies in each market in the first half…
-
Understanding the Recent Decrease in Ethereum Circulation
According to reports, according to data from ultra sound. money, the circulation of Ethereum has decreased by 68400 pieces since the merger, with a current decrease of about 68471.
-
Why Bitcoin Can Money Laundering (Why Bitcoin Can Make Money)
Why Bitcoin can be laundered Editor’s note: This article is from Meng eyes Finance (ID: Meng eyes) and is authorized to be reprinted by Daily Planet Daily Bitcoin has been one of the hottest technologies in the field of financial technology in the past decade. With more and more banks starting to use Cryptocurrency to launder money, this trend is accelerating. However, due to the anonymity of encryption technology and its decentralized nature, Bitcoin is still in a very early stage and has become an emerging industry. Why can Bitcoin launder money? Bitcoin eliminates fraudulent behavior by providing a transparent, secure, and traceable method of data; It also enables people to verify transactions and prove their true and effective sources, thus providing convenience for criminals – hence, Bitcoin is more likely to be used for money laundering as it is a fully legal and publicly visible network asset. Although there is no evidence to suggest the value of Bitcoin, most…
-
Grayscale Holdings and Trust Premium Rates
It is reported that the on-chain data shows that the current total position of grayscale is 19.992 billion US dollars, and the trust premium rate of mainstream…
-
The DAO Maker Project Degen Zoo Investigation: Analysis and Lessons Learned
On April 3rd, in response to yesterday\’s security incident, the official team of the DAO Maker project Degen Zoo stated in Telegram that the investigation concluded that it was pos
-
Bank of America’s Unrealized Losses and the Potential Ripple Effect
According to the report, according to Martin Glenberg, chairman of the Federal Deposit Insurance Corporation (FDIC), the unrealized losses of Bank of America exceeded 620 billion dollars. In addition, considering that the collapse of SVB is not a direct isolated event, it may become a problem for many banks in the country. FDIC Chairman: Bank of America has more than 620 billion dollars of unrealized losses Analysis based on this information:A recent report has revealed some startling news for Bank of America, with their unrealized losses exceeding a whopping 620 billion dollars. This news comes from Martin Glenberg, the chairman of the Federal Deposit Insurance Corporation (FDIC), who is responsible for regulating and insuring banks in the United States. This news is concerning for Bank of America, as it may indicate that their balance sheet is not as strong as they have suggested in the past. However, the news of Bank of America’s losses also has implications beyond their own…