The government of China is calling for an “intensive and balanced layout of blockchain technology infrastructure” in 15 zones even after the digital currency ban.
While the list names some of China’s largest companies, there are also a number of startups involved in crypto wallets, public chains, and mining pools.
Under the new regulations, blockchain information service providers are within the purview of the CAC and a range of penalties has been outlined for the violation of the provisions.
The Chinese government will be implementing new regulations for blockchain companies starting February 15.
Authorities in China have floated draft rules on blockchain projects for public consultation, in a process that is expected to run until November 2.