Chinese congress passes cryptography law calling for clear guidelines and standards, effective Jan 1, 2020

posted 4 months ago
The Chinese government passed a cryptography law on Saturday that will be effective on January 1st, 2020. According to the law’s latest draft proposal “Clear guidelines and regulations are needed to evaluate commercial cryptography technologies used in the major fields related to the national interest as the current ‘loose’ system is not suitable for the industry anymore.”

China’s national congress said the new law will encourage research and development on commercial cryptography technologies, while building up an inclusive standardized regulatory system for the market. The proposal includes a range of issues from how compatible the industry standards should be with other international cryptography systems to whether companies should voluntarily verify their commercial use-cases with authorities.
Tags: blockchain, news