China’s Cyberspace Administration Bans ‘Virtual Currency’, ‘Exchange’, ‘ICO’ From Blockchain Service Names

Cointime update: China’s Cyberspace Administration published a Q&A clarifying filing rules for blockchain information services, stating that service names must clearly reflect actual use and may not include terms such as virtual currency, exchange or ICO. It listed five conditions that affect filings, including virtual currency issuance, trading or ICO business, servers deployed overseas, missing ICP filings, unclear materials and services outside the filing scope. BaaS cloud platforms providing blockchain infrastructure, node and attestation services to external parties must also file.