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Shanghai Solana Enterprise Management Co., Ltd. has been registered, and the co-head of Solana China, Du Yanjing, is the legal representative

According to the information displayed on the Qichacha page, Shanghai Solana Enterprise Management Co., Ltd. was registered in June this year, with a registered capital of 5 million yuan. Claire Du is the legal representative and co-head of Solana China.Additionally, in August this year, Shanghai Yaokun Qiusuo Digital Technology Co., Ltd. was established with a registered capital of 10 million yuan, and Shanghai Solana Enterprise Management Co., Ltd. holds 45% of the shares in Yaokun Qiusuo Digital Technology Co., Ltd. Even Jiang, the co-head of the Solana Foundation in China, serves as the chairman of Yaokun Qiusuo, while Claire Du serves as a director.Public information shows that Yaokun Qiusuo primarily engages in technical services, technical development, technical consulting, technical exchanges, technology transfer, and technology promotion; computer system services; information system integration services; information technology consulting services; data processing services; internet data services; Internet of Things technology services; wholesale of computer software and hardware and auxiliary equipment; information consulting services (excluding licensed information consulting services); business management consulting; financial consulting; and conference and exhibition services (exhibitions abroad must be approved by relevant departments).It should be noted that "Solana" is a name chosen by a sole proprietorship, and there is currently no equity evidence proving that these two companies belong to the Solana Foundation.This week, members of the Solana team shared photos announcing the establishment of an office in Shanghai, China.

first_img Zcash Advocacy Organization PGPZ registered lobbying, focusing on U.S. cryptocurrency policy

According to Cointelegraph, the advocacy organization focused on Zcash, Pretty Good Policy for Zcash (PGPZ), has submitted a lobbying registration, with the registration effective date of October 1. Executive Director Divij Pandya is the sole registered lobbyist. This move indicates that this privacy-oriented cryptocurrency ecosystem is intensifying efforts to influence U.S. digital asset policy.The registration documents include the Digital Asset Market Clarity Act and two digital asset tax proposals as part of its current and anticipated lobbying agenda. PGPZ was established in June of this year, evolving from the Pretty Good Policy for Crypto initiative launched by Electric Coin Co. in 2022, which held a Washington policy roundtable and organized a congressional briefing on cryptocurrency technology in 2023.PGPZ founder and ZODL Chief Policy and Regulatory Officer Paul Brigner stated that the goal is "to ensure that Zcash has serious, organized, and credible policy participation in Washington." He noted that the decisions being made by policymakers will affect whether privacy-preserving digital cash can exist, be used legally, and serve the public interest. PGPZ's responsibility is to ensure that Zcash is understood, represented, and defended in these discussions. In August of this year, Zcash Community Grants approved a $750,000 grant to fund PGPZ's work for its first year.

first_img The number of registered banks under the EU MiCA has doubled, accounting for nearly 23%

According to an analysis by Cointelegraph of the European Securities and Markets Authority (ESMA) MiCA registration data, the number of banks on the EU MiCA crypto service provider list has doubled from about 40 on June 26 to about 80 on September 16, with the proportion rising from about 17% to nearly 23%, approaching one-quarter. During the same period, the total number of registered Crypto Asset Service Providers (CASP) increased from 243 to 349, but the proportion of non-bank service providers decreased from about 84% to 77%, reflecting a relative shrinkage.Germany is the main driving force behind this round of bank expansion, with several cooperative banks and commercial banks recently appearing on ESMA's MiCA registration list, including Volksbank, Raiffeisenbank, and VR Bank. Germany's largest bank, Deutsche Bank, also announced on Wednesday plans to launch digital asset custody services for institutional and corporate clients in Europe. A spokesperson for the bank told Cointelegraph that regulatory approval under MiCA is expected in October.Unlike crypto companies that need to apply for CASP authorization, banks can provide crypto asset services through the notification procedure stipulated in Article 60 of MiCA, allowing them to bypass the standard CASP authorization process by simply submitting the required information to their national regulatory authority at least 40 working days before offering the service for the first time.
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