Strict Blockchain Regulation Imposed in China

Strict Blockchain Regulation Imposed in China

The final draft of regulations for the implementation of blockchain technology in China has been released by the Cyberspace Administration of China (CAC). As per the draft, the Chinese blockchain service providers are prohibited from using it for illicit activities that could bring danger to “national security, disrupt social order, and infringe on the legitimate rights and interests of others.

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