Blockchain technology will be used to verify the real-name identities of China’s 1.4 billion people, according to an announcement from the Blockchain-based Service Network (BSN), China’s national-level blockchain initiative – a move likely to spark concern among data-privacy advocates, reports Coindesk. China’s Ministry of Public Security spearheaded the initiative, called RealDID, with help from BSN. […]
Digital assets are legal property in China, according to a report published by the People’s Court of China, putting China among a cohort of jurisdictions that have explicitly recognised that property rights apply to digital assets in the same way they do any other, reports Coingeek. “Virtual currency is not classified as an illegal item. […]
During the 2023 Hangzhou Summit in Hangzhou, China, government officials unveiled a new data exchange powered by blockchain technology, reports Cointelegraph. Over 300 enterprises, including Alibaba Cloud and Huawei, participated in the exchange’s debut. According to local news reports, the new Hangzhou Data Exchange will facilitate the trading of enterprise information technology data using distributed […]