Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Chinese Blockchain-Based Media Projects to Collect User Data, Censor Information under Proposed New Rules

Published 10/22/2018, 01:54 PM
Updated 10/22/2018, 03:01 PM
 Chinese Blockchain-Based Media Projects to Collect User Data, Censor Information under Proposed New Rules

China’s internet regulator, the Cyberspace Administration, has published new rules for blockchain-based information service providers, the South China Morning Post (SCMP) reported on Monday. The proposals envision the same regulations for social media projects and online forums using distributed ledger technology (DLT) as for other online services of this type.

The Cyberspace Administration wants to force blockchain-based service providers to require that users register with their real name and national ID card number. Moreover, the agency will make it mandatory to store client data and give the regulator access to that informatio...


This article appeared first on Cryptovest

Latest comments

The Global Impact of Chinese Blockchain Regulations: Safeguarding Privacy & Financial Freedom Join a critical discussion on the proposed Chinese regulations affecting blockchain-based media projects and their implications on privacy, censorship, and financial freedom worldwide. Explore how these developments may influence international investments, multi-asset allocation funds, and online SIP strategies. Let's dive into the future of digital finance and the importance of safeguarding user data in a rapidly changing landscape Read More : https://www.mysiponline.com/mutual-funds/multi-asset-allocation
Nice
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.