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China's Internet Censor Releases Draft Rules to Regulate Blockchain Startups

Published 10/22/2018, 01:30 AM
Updated 10/22/2018, 03:45 AM
© Reuters.

China's top-level internet censorship agency has released a draft policy framework that is setting out to regulate blockchain-related service providers in the country.

The Cyberspace Administration of China (CAC), the central government's internet censor, published a draft policy on Friday called "The Regulation for Managing Blockchain Information Services" and is looking for public feedback before it can take effect.

The regulation , if enacted, would apply to any entity that is regarded as a blockchain information service provider operating in China, and would be one of the first rules specifically for governing the blockchain industry in the country.

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