China will soon require blockchain users to register with their government IDs [The Verge]
PayPal Holdings, Inc. (PYPL)
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Source: The Verge
China’s central government has drafted a new regulation that would strip blockchains of their anonymity, requiring users to provide their real names and national ID card numbers when registering for a blockchain service. Trading Bitcoin is already banned in the country, but the policy will place significant restrictions on ongoing blockchain development. On Friday, the Cyberspace Administration of China, the country’s internet regulator, released a draft of the policy, which would also require blockchain services to remove “illegal information” quickly before it spreads among users. The services will also be required to retain backups of user data for six months and provide them to law enforcement whenever necessary. Users who break the nation’s laws will be warned, have access to their accounts restricted, or have their accounts shut down, depending on what service providers deem appropriate. The new rules are open to comment from the public until November 2nd, but it’s n
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PYPL
Earnings
- 2/7/24 - Beat
PYPL
Sec Filings
- 3/27/24 - Form 3
- 3/27/24 - Form PX14A6G
- 3/7/24 - Form 144
- PYPL's page on the SEC website