Ga naar de inhoud

Blockchain News Feed

All the latest news on Blockchain & Cryptocurrencies

Menu
  • Home
  • News
  • Exchanges
  • Market Analysis
  • YouTube
  • Brave Browser
Menu

China Wants To Stop Anonymous Blockchain Use: Reports

Geplaatst op oktober 22, 2018 door Blockchain News
Chinese Government May Wield Power to Destroy Bitcoin

New cybersecurity rules currently out for public consultation in China would notionally force users to provide their real identity to use any kind of Blockchain-based service.


Blockchain? You’ll Need Your Name And ID

As South China Morning Post (SCMP) reports quoting local media sources, the Cyberspace Administration of China is currently seeking feedback on the proposals, the deadline for which is November 2.

Should they become law, any provider utilizing Blockchain technology would face legal demands to ensure all users provide their real name national identity card numbers in advance.

The news is the latest step in China’s crackdown on the anonymity benefits Blockchain can afford, which runs contrary to existing data privacy laws, SCMP notes.

Referencing another post by Beijing lawyer Xu Kai, it is nonetheless clear that the latest round of rules misses key aspects of the notional problem at hand, the publication notes.

China

“One of the key issues that the new rules did not address is that blockchain is a technology in which data is not changeable or erasable, which runs contrary to Chinese laws governing user data,” Xu had explained.

In addition, he added, “the new rules also lack enforcement procedures to protect the rights of blockchain platforms.”

Blockchain Big Business

The nature of issue is indeed complex. Despite a ban on cryptocurrency trading in China, holding assets such as Ethereum and using a Blockchain is not illegal per se.

In the event of tighter data laws coming into effect, it remains unclear how authorities plan to restrict use of decentralized Blockchain networks such as Ethereum or privacy-focused ones such as Monero.

Officially, however, Blockchain remains flavor of the month as a technological innovation worth investing in.

As Bitcoinist reported, various public and private projects are seeing the technology enter the Chinese economy at breakneck speed. Legally, too, authorities appear keen to adopt a balanced outlook, a court case in July recognizing Blockchain-based evidence in a landmark case for the country.

What do you think about China’s Blockchain law plans? Let us know in the comments below!


Images courtesy of Shutterstock

The post China Wants To Stop Anonymous Blockchain Use: Reports appeared first on Bitcoinist.com.


Source: Bitcoinist.com
Original Post: China Wants To Stop Anonymous Blockchain Use: Reports

Ledger Nano X - The secure hardware wallet

Recente berichten

  • Crypto funds post $3.7B inflows as Bitcoin soars to new highs
  • Czech central bank adds Coinbase to portfolio, boosts Palantir holdings
  • BlockFi bankruptcy administrator and DOJ agree to dismiss $35M lawsuit
  • Thou shalt not shill: Fake ‘Vatican Chamber’ token presale exposed
  • NFT sales hit $2.8B in first half of 2025 as trading volumes tank

Categorieën

  • Altcoin Buzz
  • Altcoin Buzz News
  • AMBcrypto
  • Bitcoin.com
  • Bitcoinist
  • BTC Manager
  • CCN
  • Coin Mastery
  • Coindesk
  • Coinpower News
  • Cointelegraph
  • CryproSlate
  • Crypto Daily
  • Crypto News (.net)
  • Cryptocoin News
  • Cryptocurrency News
  • CryptoDaily.co.uk
  • CryptoPotato
  • CryptosRUs
  • Daily HODL
  • DataDash
  • Ethereum Worldnews
  • Exchanges
  • ICO's
  • Invest in Blockchain
  • Market Analysis
  • News
  • News BTC
  • Newsbit
  • Portfolio
  • Pricecheck
  • Ready Set Crypto
  • The Modern Investor
  • ToshiTimes
  • Use The Bitcoin

Archieven

  • juli 2025
  • juni 2025
  • mei 2025
  • april 2025
  • maart 2025
  • februari 2025
  • januari 2025
  • december 2024
  • november 2024
  • oktober 2024
  • september 2024
  • augustus 2024
  • juli 2024
  • juni 2024
  • mei 2024
  • april 2024
  • maart 2024
  • februari 2024
  • januari 2024
  • december 2023
  • november 2023
  • oktober 2023
  • september 2023
  • augustus 2023
  • juli 2023
  • juni 2023
  • mei 2023
  • april 2023
  • maart 2023
  • februari 2023
  • januari 2023
  • december 2022
  • november 2022
  • oktober 2022
  • september 2022
  • augustus 2022
  • juli 2022
  • juni 2022
  • mei 2022
  • april 2022
  • maart 2022
  • februari 2022
  • januari 2022
  • december 2021
  • november 2021
  • oktober 2021
  • september 2021
  • augustus 2021
  • juli 2021
  • juni 2021
  • mei 2021
  • april 2021
  • maart 2021
  • februari 2021
  • januari 2021
  • december 2020
  • november 2020
  • oktober 2020
  • september 2020
  • augustus 2020
  • juli 2020
  • juni 2020
  • mei 2020
  • april 2020
  • maart 2020
  • februari 2020
  • januari 2020
  • december 2019
  • november 2019
  • oktober 2019
  • september 2019
  • augustus 2019
  • juli 2019
  • juni 2019
  • mei 2019
  • april 2019
  • maart 2019
  • februari 2019
  • januari 2019
  • december 2018
  • november 2018
  • oktober 2018
  • september 2018
  • augustus 2018
  • juli 2018
  • juni 2018
  • mei 2018
  • april 2018
  • maart 2018
  • februari 2018
  • januari 2018
  • december 2017
  • november 2017
  • oktober 2017
  • september 2017
  • maart 2017
  • juni 2016
  • juli 2014
  • september 2013
  • augustus 2013
©J Blockchain News Feed | Ontwerp: Krant WordPress thema