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CAC lists five circumstances affecting blockchain filing; service names must not contain virtual currency, exchange, ICO, etc.

BlockBeats news, November 9: According to a notice on the official website of the Cyberspace Administration of China and related Q&A for the newly launched "Internet New Technology New Application Information Service Filing System," the "Internet New Technology New Application Information Service Filing System" built by the Cyberspace Administration of China was officially launched that day. It can carry out integrated filing for new technologies and new applications such as generative artificial intelligence, algorithms, deep synthesis, and blockchain. The website is https://beian.cac.gov.cn; the original "Internet Information Service Algorithm Filing System" and "Blockchain Information Service Filing Management System" ceased use simultaneously.

On the same day, the "Summary of Frequently Asked Questions on Blockchain Information Service Filing" published within the system clarified that service names should accurately reflect actual uses, be concise and specific, must not exaggerate or fabricate the scope of uses, and must not contain words such as "virtual currency," "exchange," or "ICO." The Q&A also listed five circumstances that will affect blockchain information service filing applications: first, involving business content such as virtual currency issuance, trading, or ICO; second, blockchain information service servers deployed overseas; third, failure to complete ICP filing as required; fourth, submitted materials being unclear or filled-in information being inconsistent; fifth, the provided services not falling within the scope of blockchain information service filing. According to the Q&A, operating entities that externally provide BaaS-related services such as underlying blockchain, nodes, and proof of existence should also perform filing procedures.

Original link https://m.theblockbeats.info/flash/376346