January 5, 2020 by Océane
The approach to the launch of its digital currency backed by the central Bank (CADC), China has promulgated a law on the management of passwords.
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A specific text for the passwords
In pursuing its missions of censorship with respect to the digital assets foreign such as Bitcoin, Ethereum and other altcoins, the chinese Administration is also preparing the ground to host its own crypto-currency issued by the central Bank.
The authorities focus mainly on the security and, more precisely, the confidentiality of the data related to crypto-currencies. Thus, a new law concerning the distinction and the functioning of the passwords was just recently enacted.
According to the information relayed by China Money Network, the objective of the edict would be around the protection of each of the data via simple passwords.
Tests planned for later this year
The preparation of CADC chinese by the people’s Bank of China dates back to several years, however, the first sketches of the tests could begin this year.
In this perspective, it is also conceivable that new tests reveal the features of this crypto-currency national in a few months.
At the same time, the State will need to contain the expansion with a surge of crypto-currencies, external knowing that the fierce campaign on the adoption of the Blockchain has created a wave of marketing illegal Bitcoin for a few months.
What do you think of this new law on the passwords, crypto promulgated by China ? The CADC prepared by the central Bank could put an end to the adoption of other crypto-currencies external according to you ? Give your opinion in the comments section.
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