This post is from a low-reputation account and contains an unverified outbound link. Be cautious before clicking external links.
China Prepares for CBDC With Cryptography Law on Encryption Standards
Words
113
Reading
1 min
Listen
Play
7y
Today i have shared More specifically, the act divides passwords into three separate categories — core passwords, common passwords and commercial passwords. Under the new law, core and common encryption are required for systems that transmit and store state secrets, while the commercial encryption is intended for business and private use. Furthermore, it stipulates that the development, sale and use of cryptographic systems “must not harm the state security and public interests.” Moreover, all such systems must be examined and authenticated by the government before they’re used. The bill was passed by the Standing Committee of the 13th National People's Congress in China on Oct. 26. Thanks for reading.