China’s Internet Agency Regulator Has Strict Demands For Blockchain Startups

[Ozark]

China’s central internet regulator has issued strict rules targeting blockchain companies and entities operating in China.

The Cyberspace Administration of China has published draft regulations on Friday demanding blockchain-based information service providers to register users using real names, national identification numbers, censor postings and store user data.

The regulations follow an open letter posted by a Chinese student activist on the web in April regarding an alleged cover-up of sexual harassment on blockchain, which cannot be deleted or altered. The letter was posted on Ethereum blockchain that attracted censors on WeChat, Weibo and other leading social media platforms in the country.

In order to give credit to the author and traffic to the website (if you wish), read more here.