Cryptocurrency

22/10/18 06:45 UTC-4

The administration of cyberspace in China has published a list of rules for blockchain-platforms

China Information Control and Protection Service has published a new list of rules
China Information Control and Protection Service has published a new list of rules

China Information Control and Protection Service (Chinese Cyberspace Administration) CAC has published a new list of rules for information service providers based on blockchainBlockchain
is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers.Details
technology.

On October 19, the Chinese Cyberspace Administration published a list of rules and requirements for information blockchain-platforms. The new CAC project is open for consultation until November 2, 2018. For all blockchain platforms of China (and those that are distributed to the Chinese audience), 23 articles of regulatory activity have been proposed.

In accordance with the new rules, each platform that runs on a blockchain must be registered with the CAC within ten days of its launch.

In addition, the system will check the content. The censorship will not allow content that may pose a threat to national security or disrupt the social orderOrder
– automatic application to buy or sell cryptocurrency. Orders are used during trading on the stock exchange to open and close a position. Details
of the country. After registering the platform on the CAC, the authorities have the right to access all information placed on the platform.

It is worth noting that one of the 23 articles of the Chinese Cyberspace Administration oblige service providers to ask users for their real names, identification card numbers, and valid phone numbers.

As the local newspaper South China Morning Mail (SCMP) reports: "This identification requirement is necessary after a high-profile incident in April, when a Chinese activist published an "open letter" on Ethereum regarding the alleged cover-up of sexual harassment at a prestigious local university."

Restrictions and requirements for the content of blockchain-platforms were introduced as an obligatory part of the so-called "Chinese anti-crypt measures".

Editor: Yuliya Soroka

See also: "New blockchain platform and token from ING: ZKSM"

#CAC #cryptocurrency #blockchain platform #China

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