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

Like this: Like Loading...