On January 10, 2019, the Cyberspace Administration of China (CAC) published new anti-anonymity regulations for blockchain organizations scheduled to be enforced on February 15. These new regulations have been characterized through 24 articles, composed with the intention of promoting a more transparent and disciplined blockchain industry.
Although China has banned the sale of cryptocurrencies and the usage of the country’s exchanges, President Xi Jinping, in a speech given on May 28, 2018 at the 19th Academician Conference of the Chinese Academy of Sciences and the 14th Academician Conference of the Chinese Academy of Engineering, pointed out to the value of blockchain technology as well as the need for further innovation in the country’s blockchain industry.
Although these new regulations do not directly stifle innovation in general or blockchain development in particular, they could eventually be problematic for a country hoping to become a global leader in the blockchain sector.
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