Cyberspace Administration of China (CAC) outlines five scenarios affecting blockchain record-filing, specifying that service names must not include terms such as virtual currency, exchange, ICO, and others.
15 minutes ago
According to announcements from the official website of China’s State Internet Information Office (SIIO) and relevant Q&A for the newly launched "Internet New Technologies and New Applications Information Service Filing System", the SIIO-built system officially launched on the same day. It supports integrated filing for new technologies and applications including generative artificial intelligence, algorithms, deep synthesis, and blockchain, with the website at https://beian.cac.gov.cn. The original "Internet Information Service Algorithm Filing System" and "Blockchain Information Service Filing Management System" were simultaneously discontinued. The "Summary of Common Questions and Answers on Blockchain Information Service Filing" released via the system on the same day clarifies that service names must accurately reflect their actual purpose, be concise and specific, must not exaggerate or fabricate the scope of use, and must not include terms such as "virtual currency", "exchange", or "ICO". The Q&A also lists five scenarios that will affect blockchain information service filing applications: 1. Involving business content such as virtual currency issuance, trading, or ICO; 2. Blockchain information service servers deployed overseas; 3. Failure to complete ICP filing as required; 4. Submitted materials being unclear or inconsistent with filled-in information; 5. The provided service not falling within the scope of blockchain information service filing. Separately, the Q&A notes that operators providing BaaS-related services such as underlying blockchain, nodes, and evidence storage to the public must also complete filing procedures.
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