Alibaba, Baidu, and Tencent are among the first 197 regulated blockchain firms in China

Wednesday, April 3, 2019

By Matthew Beedham

China‘s Cyberspace Administration – the country’s central internet regulator – has released the first list of companies approved to conduct business with blockchain tech.

There are 197 businesses included on the list which, according to analysts, is meant to “provide a controllable environment to explore blockchain technology,” the Global Times reports.

Registered companies are required to display their registration number in a “prominent position” on the service it provides, according to the official announcement published March on 30.

Featuring on the list are well-known Chinese internet firms like Baidu Blockchain Engine (BBE), Alibaba Cloud Blockchain-as-a-Service (BaaS), and Tencent BaaS (TBaaS).

Photo courtesy of Christian Ditaputratama.

Source: TNW (link opens in a new window)

blockchain, regulations