The State Internet Information Office issued the 11th batch of domestic blockchain information service filing list, and the central data collection and other departments were filed

It is reported that recently, according to the Administrative Regulations on Blockchain Information Services, the National Internet Information Office released the 11th batch of 502 domestic blockchain information service names and filing numbers.

Interpretation of this information:

The National Internet Information Office has recently released the 11th batch of 502 domestic blockchain information service names and filing numbers, in accordance with the Administrative Regulations on Blockchain Information Services. The release of this batch marks another milestone in China’s growing blockchain industry.

The Administrative Regulations on Blockchain Information Services outlines the requirements for the filing and supervision of blockchain information service providers in China. This includes the registration of service names and filing numbers, as well as compliance with information security and content management regulations.

The release of the 11th batch of registered service providers indicates that more companies are recognizing the potential of blockchain technology and are taking steps to become compliant with regulations. This also suggests that the government is committed to supporting the development of the blockchain industry in China, while ensuring that it is under proper oversight.

China has been at the forefront of blockchain development, with the government investing heavily in the technology and encouraging its use in various industries. The country has also been exploring the use of blockchain in public services, such as intellectual property protection and traceability of goods.

Despite the continued growth of the industry, China has also been cautious about potential risks associated with cryptocurrencies and initial coin offerings (ICOs). In 2017, the government banned ICOs and cryptocurrency exchanges, while also cracking down on illegal activities related to cryptocurrencies.

In conclusion, the release of the 11th batch of domestic blockchain information service names and filing numbers highlights the government’s efforts to promote the development of the blockchain industry in China while maintaining regulatory compliance. It also demonstrates the growing recognition of the potential of blockchain technology by domestic companies, and the need for proper supervision and regulation.