China will now officially try to extend its Great Firewall to blockchains
China’s crackdown on blockchain technology has taken another step: the country’s internet censorship agency has just approved new regulations aimed at blockchain companies.
Hand over the data: The Cyberspace Administration of China (CAC) will require any “entities or nodes” that provide “blockchain information services” to collect users’ real names and national ID or telephone numbers, and allow government officials to access that data.
It will ban companies from using blockchain technology to “produce, duplicate, publish, or disseminate” any content that Chinese law prohibits. Last year, internet users evaded censors by recording the content of two banned articles on the Ethereum blockchain. The rules, first proposed in October, will go into effect next month.
Defeating the purpose? For more than a year, China has been cracking down on cryptocurrency trading and its surrounding industry while also singing the praises of blockchain. It appears its goal is to take advantage of the resiliency and tamper-proof nature of blockchains while canceling out their most most radical attribute: censorship resistance.
Keep Reading
Most Popular
The inside story of how ChatGPT was built from the people who made it
Exclusive conversations that take us behind the scenes of a cultural phenomenon.
Sam Altman invested $180 million into a company trying to delay death
Can anti-aging breakthroughs add 10 healthy years to the human life span? The CEO of OpenAI is paying to find out.
ChatGPT is about to revolutionize the economy. We need to decide what that looks like.
New large language models will transform many jobs. Whether they will lead to widespread prosperity or not is up to us.
GPT-4 is bigger and better than ChatGPT—but OpenAI won’t say why
We got a first look at the much-anticipated big new language model from OpenAI. But this time how it works is even more deeply under wraps.
Stay connected
Get the latest updates from
MIT Technology Review
Discover special offers, top stories, upcoming events, and more.