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

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. Also read: Bitcoin Goes on Sale in 24 French Tobacco Stores ‘Rules to Promote Healthy Development of Blockchain Industry’ China’s Internet Information Service Management Measures, which come into force on February 15, will “promote the healthy development...

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Published By: Bitcoin - 10-01-2019