Yesterday the office of China’s Central Cyberspace Affairs Commission (CAC) published the final draft of rules that aim to standardize the country’s blockchain-related service providers. The
“Blockchain Information Service Management Regulations” come into force on February 15, 2019. The rules,
first announced in October last year, involve censorship and ban anonymous users.
The regulations will apply to any organization operating in China that is considered a blockchain information service provider and is one of the first regulations covering the country’s blockchain industry, outside of cryptocurrency bans. The CAC defines blockchain information service providers as “entities or nodes” that provide information services or technical support to the public. This refers to both companies and individuals using blockchain technology through servers, desktop sites and mobile apps.
The providers have to “accept social supervision“ or censorship, and all blockchains that operate in China will not be allowed to have anonymous users. Hence, end users will need to register with their national identity cards, mobile phones or company registration to use the service.
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