Newslink: China Announces New Regulations for Blockchain Companies to ‘Promote Healthy Development’

in #newslink5 years ago

China is coming down hard on blockchain companies, even though the government appears to favor blockchain over cryptocurrency. The Cyberspace Administration of China (CAC) announced new regulations on Jan. 10 that will compel blockchain platforms to eliminate “undesirable” content while giving authorities access to private stored data and to check the identity of users.

https://news.bitcoin.com/china-announces-new-regulations-for-blockchain-companies-to-promote-healthy-development/

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