• Sat, 24 Aug 2019, 10:24 PM
  • All times are UTC
  • Edition:
    International
Copy link
Increase text size
Decrease text size
Link copied

Cyberspace Administration of China announces first batch of 197 registered blockchain companies

Tue, 02 Apr 2019, 07:29 am UTC

The Cyberspace Administration of China (CAC) last week announced the names of the first batch of 197 blockchain-based information service providers that have been granted registration numbers.

Earlier this year, the Regulations on the Management of Blockchain Information Services were reviewed and approved by the State Council Information Office and implemented on February 15, 2019.

According to the official announcement dated March 30, the CAC has reviewed the filings according to the management regulations.

Yicai reported that the companies included in the list includes public internet companies such as Baidu, Tencent, Iqiyi and several startup companies including Lufax, VeChain, and Wanxiang Blockchain, among others.

Sunny Lu, CEO, and co-founder of VeChain told Yicai that this official registration will contribute to the overall development of the blockchain industry.

“This is the first step towards standardizing blockchain technology development and the regulatory environment in China. This also allows for an increasing number of companies to be able to develop blockchain applications on existing blockchains in accordance with the laws and regulations without being shrouded in stigma,” he said.

The CAC said that the companies should indicate their registration numbers in a prominent position such as Internet sites, applications, etc., where they provide services to the outside world.

“The filing is only the registration of the relevant information of the main blockchain information service, and does not represent an endorsement of its institutions, products and services. No institution or individual may use it for any commercial purpose,” it added (via online translation).

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $10,050.50 (-3.29%)
  • Ethereum (ETH) $188.91 (-2.66%)
  • XRP (XRP) $0.271200 (-1.78%)
  • Bitcoin Cash (BCH) $305.07 (-2.93%)
  • Litecoin (LTC) $72.97 (-2.97%)
  • Bitcoin (BTC) $10,050.50 (-3.29%)
Aug 23, 2019 (Friday)
11:35
Stablecoin project Terra receives funding from HashKey Capital
10:49
Three of the founding members of Libra Association consider backing out: Report
08:55
Overstock's Patrick Byrne steps down as CEO
08:52
Pundi X brings XPOS crypto payments to Venezuela's Traki retail stores
07:22
Blockchain startup Blockstack scores strategic investment from Japan's Recruit Holdings
07:19
BitGo announces support for multi-signature EOS wallet and custody services
06:39
US Treasury blacklists crypto addresses of suspected Chinese fentanyl traffickers
06:14
Chainalysis launches ‘Chainalysis KYT Alerts’ to detect suspicious cryptocurrency activity in real-time
05:13
Cryptocurrencies used to buy fentanyl, other illicit drugs: White House
05:04
Blockchain energy startup Power Ledger extends energy trading trial in Fremantle
03:53
Blockchain accelerator initiatives launched at the University of California campuses
Aug 22, 2019 (Thursday)
13:05
Crypto exchange Coincheck mulls launching IEO Platform
12:46
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
11:53
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
11:42
Sierra Leone launches blockchain-based National Digital Identity Platform
10:43
Blockchain startup Blocko secures $7.4M in Series B+ round from major South Korean financial institutions
09:52
Crypto Technicals: Ethereum Classic ignores crypto space weakness, extends gains to break above 200-DMA
09:16
Former Zaif exchange owner Tech Bureau to discontinue crypto business after completing customer refunds
08:32
Crypto Technicals: XLM/USD bearish trend intact, hits multi-month lows at 0.06542
07:33
Russian firm ICORating settles $270K fine with SEC for concealing ICO touting payments
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft