👀 China requires blockchain-based information service providers to register users using real names, censor postings and store user data
Chinese users will have to register their real names before they can use blockchain-based information service providers. Blockchain companies will also be mandated to censor content deemed to pose a threat to national security and store user data to allow inspection by authorities. The Cyberspace Administration of China published these draft regulations on Friday for public consultation until November 2 but it is unclear when these will be officially effected.
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