Xiao Feng: Financial services such as crypto digital lending are only experimental and they will return to compliance.

On the afternoon of August 20, Vice President Xiao Feng Wanxiang Holdings and Vice President Jiang Guofei Ant Group appeared as guests in the "Find Blockchain Power" series. Xiao Feng said that many things that have been done in the financial industry have been done in the past with encrypted digital assets and blockchain. More importantly, these restructuring points have nothing to do with existing financial processes, creating competition and the threat of “decentralization”. He said: “Financial services such as cryptocurrency lending is just an experiment and will eventually move both sides to common ground and return to compliance., This compliance is not the same as the financial practices we have pursued and compliance with current technology and laws will also be subject to change and half modification, including technology and business characteristics. "