<b>China's Cyberspace Regulators Approves the Second Batch Comprises 309 Blockchain Corporations</b>
<div dir="auto"><a href="https://en.wikipedia.org/wiki/Cyberspace_Administration_of_China">China's Central Internet  Watchdog</a>, the Cyberspace Administration of China (CAC), country's control agency, has released a list. And the list is of registered Blockchain service providers comprises of 309 companies.</div>
<div dir="auto">This is the second batch list which China's regulators have published. It enlisted 309 blockchain service providers. These corporations belong to various industries such as cultural, tourism, educational institutions, e-commerce,  law, health care, and supply chain finance. And this news is reported by the Chinese news outlet, 8BTC on 21st of October.</div>
<h3><b>Traditional Areas of Industry Accepts Blockchain</b><b> </b></h3>
<div dir="auto">Amongst the registered blockchain service providers, Huawei's HiCloud blockchain service and Alibaba's AliCloud blockchain service are listed respectively.</div>
<div dir="auto">Along with the technology corporations, traditional industry giant such as China Southern Airlines has also registered its China Southern Airline Chain. Besides, many financial services industry representatives such as Industrial and <a href="https://www.cryptoknowmics.com/crypto/giant-chinese-bank-expands-blockchain-after-50-billion-transacted/">commercial bank of China</a> is listed. Moreover, Ping An Bank, China UnionPay are also included in the list of the service provider.</div>
<div dir="auto">As per the report, many of the blockchain startups are involved in the public chain, crypto wallets and mining pools are also a part of the newly formed Batch.</div>
<div dir="auto">Besides commercial industries, multiple government sectors are on the list. The State Administration of Foreign Exchange has registered for the cross-border business blockchain services platform. While Hangzhou Internet Notary Office has registered for the record of its blockchain-based e-evidence repository. Moreover, Shenzhen Welfare Lottery Distribution Center's lottery verification system, etc.</div>
<h3><b>Regulation or Censorship?</b><b> </b></h3>
<div dir="auto">Reportedly,  regulation for managing blockchain information services was first announced in October last year by CAC. However, it is implemented on February 15. And instantly became the topic of debate amongst crypto and blockchain enthusiasts because of its censorship like nature.</div>
<div dir="auto">As per China's regulation Authority, China's blockchain service offerers need to verify their user's real name through national identity or contact numbers. Also, store and prove their clients' data for inspection to the authority.</div>
<div dir="auto">Furthermore, firms are debarred from using blockchain to "produce, duplicate, publish, or disseminate" the content that is declared as a threat to national security.</div>
<div dir="auto">Previously, the Cyberspace Administration of China published the list of the first batch in April. And the list comprised 197 registered blockchain service providers.</div>

China's Cyberspace Regulators Approves the Second Batch Comprises 309 Blockchain Corporations

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