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China’s Cyberspace Watchdog Publishes the Second List of Registered Blockchain Service Providers

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The cyberspace administration of China (CAC), which is the nation’s central Internet regulator, censor, and control agency, has published its second list comprising of 309 registered blockchain service providers.

The first list was published following the announcement made by CAC in October last year regarding the Regulation for Managing Blockchain Information Services, that banned anonymous users. This ignited a heated debate among cryptocurrency and blockchain enthusiasts. According to the regulation, all the blockchain service providers in China are required to verify the users’ registration via any national id or telephone numbers. This barred several users who could not produce any such documents. Finally, CAC came up with the first list of registered blockchain service providers comprising of 197 users, which was published on March 30th, this year.

The second batch comprises of companies coming from various industrial spheres such as cultural tourism, eCommerce, law and education, health care, and supply chains. Tech giants and listed enterprises like HiCloud blockchain service of Huawei and AliCloud blockchain service of Alibaba also appear on the list. Apart from this, traditional sectors like finance are rapidly transitioning into implementing blockchain technology in various sectors of operations. Likewise, financial institutions like Ping An Bank, China UnionPay, Industrial and Commercial Bank of China have already registered for blockchain services. Tech companies like China Southern Airlines, as well as many blockchain dedicated startup companies working on public chains, mining pools, and crypto-wallets, are also included in the second list of companies published by the Cyberspace Administration of China.

Alongside all these commercial enterprises, many government enterprises also found their names on the list. The State Administration of Foreign Exchange and Hangzhou Internet Notary Office are amongst the government agencies that are developing their cross border blockchain service platform.

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