Under the hood: anonymous possession of Noda in China is now outlawed

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2019-01-12 19:30:09

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Under the hood: anonymous possession of Noda in China is now outlawed

China has made new rules in furtherance of «healthy development» blockchain technology. A set of laws without fanfare reformatted into a manual for office for cyberspace, the PRC. Now the authorized body of the country will give permission to run the nodes of cryptocurrencies and will be able to request any personal information about its owner.

the

the Great Chinese firewall

Representatives of the office has released a list of rules called «Regulation and management informational blockchain services». Published laws will officially take effect on 15 February this year.

Category of cryptocurrency is here described rather vague. And «providers of blockchain information services» related to some kind of vague wording. By definition of the law they may be an organization or a node that provides information about the blockchain-service publicity, or is it technical support.

Recall that China «got an axe to grind» to the crypt. Another limitations for digital assets came into force in October 2018. New rules published today are another step towards «healthy development of the blockchain and related services». But at what cost this is achieved?

Source: MWI

First, the owners of the GBR will be required to register their names, addresses and other personal data. It will all be available for anyone. In other words, now the country can not just start to nod , as it already falls under the definition of the new laws.

Second, now any cryptanthus in China come under scrutiny of the state, which will cause a serious blow to the full-fledged adoption of the digital asset in the country. At present, there are about 3.98 percent of all the Bitcoin node.

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