China's National Internet Information Office (NIIO) Cybersecurity Center recently held a "Blockchain Information Service Filing Technical Exchange Conference" in Shanghai on March 8. This event provided crucial guidance on implementing the Blockchain Information Service Management Regulations enacted on January 10 and effective from February 15.
Key Highlights of the Blockchain Filing Conference
The conference served two primary purposes:
- Assisting over 100 member companies of the Shanghai Blockchain Technology Association with their initial filing processes
- Clarifying regulatory requirements to foster healthy development of blockchain information services
Dr. Mao Hongliang delivered a keynote speech titled Policy Interpretation and Filing Guidance for Blockchain Information Service Filing, revealing several important operational details:
- Multi-chain Support: The filing system currently accepts projects built on Ethereum, Bitcoin, and EOS mainchains
- User Exemption: Blockchain application users aren't required to file, while system operators and node users must
- Content Monitoring: Blockchain content and code monitoring will initially focus on registration, with later inspections
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Critical Policy Clarifications
Dr. Mao addressed several pressing concerns during the conference:
1. Filing Outcome Implications
While filing approval status doesn't immediately impact projects, the NIIO will monitor unfiled projects for compliance.
2. International Operations
The NIIO hasn't yet established policies for foreign-based companies with Chinese subsidiaries conducting blockchain projects, but will review this situation.
3. Token Projects Requirement
All token-issuing projects require filing—including those without chain implementation and wallet applications. The NIIO will refine related implementation rules.
Blockchain Service Filing Process Breakdown
| Step | Action | Requirement |
|---|---|---|
| 1 | System Access | Visit official filing website |
| 2 | Information Submission | Complete all required fields |
| 3 | Business Launch | Must begin operations before final submission |
| 4 | Project Selection | Choose appropriate blockchain platform |
Frequently Asked Questions
Q: Do all blockchain-related businesses need to file?
A: No—only system operators and node users must file. End users of blockchain applications are exempt.
Q: What happens if my project doesn't pass filing?
A: While not immediately penalized, unfiled projects will face ongoing NIIO monitoring.
Q: Are international blockchain projects with Chinese operations required to file?
A: Current regulations don't specifically address this scenario, but the NIIO is reviewing appropriate policies.
Q: Why must wallet applications file if they don't issue tokens?
A: The NIIO considers wallet apps as part of blockchain service infrastructure, requiring oversight.
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Q: How long does the filing process typically take?
A: While no official timeline exists, complete and accurate submissions generally receive faster processing.
Q: What documentation should I prepare for filing?
A: Project details, technical specifications, operational plans, and compliance documentation are typically required.
This comprehensive approach demonstrates China's methodical implementation of blockchain oversight while supporting industry development. The NIIO continues refining processes to balance innovation with appropriate governance.