tyb
that one funny. the others not so much
China's digital yuan takes shape with new encryption law
Beijing enhances control over tools crucial to developing blockchain. China rolls out new rules governing online encryption Wednesday, paving the way for a digital version of the yuan and taking greater control over cyberspace. The national cryptography law, established in October, makes government responsible for setting encryption standards covering both the state and industries. Encryption is divided into three categories – core, common and commercial – and the law grants the Communist Party authority over all three.
Core encryption protects highly classified state secrets, while common encryption safeguards sensitive national data. Beijing will exert strict control over these two categories. The law encourages commercial encryption, geared toward business and private use, as a tool for developing industries. Meanwhile, the central bank is preparing to make China the first large country to mint its own digital currency. The People's Bank of China plans a virtual yuan, anticipating that it will decrease the workload at financial institutions. The digital currency also is expected to provide China with greater insight into the financial activities of its citizens.
This virtual yuan will depend on blockchain technology to prevent fraud, and the continued development of blockchain demands advances in encryption. Around the time the cryptography law was enacted, Chinese President Xi Jinping announced plans to devote state resources toward blockchain technology. The legislation thus is seen as crucial for advancing both blockchain and the digital currency. Chinese authorities have tightened regulations on bitcoin and other cryptocurrencies. Officials look to employ blockchain in preventing fraud related to wiring funds overseas and falsifying records along the supply chain as well as the manufacturing and distribution networks.
China's blockchain industry will grow to 459 million yuan ($65.6 million) in 2022 with the help of state support, the Qianzhan Industry Research Institute estimates, up from just 67 million yuan last year.
https://asia.nikkei.com/Business/Markets/Currencies/China-s-digital-yuan-takes-shape-with-new-encryption-law
I do not. someone in here does for sure.
they way it is now absolutely. strip out/off all the bullshit tokens and you have something that is useful. But not how it is utilized now.
artificial and severely homosexual
Fake News: ICE DID NOT Arrest LA Mayor For Harboring Fugitives Through Sanctuary City
Los Angeles County is governed by a board of supervisors, not a mayor named Josiah Barron. The mayor of the City of Los Angeles is Eric Garcetti. The decision to designate Los Angeles a sanctuary city was not made by the mayor, but a unanimous vote by the city council on February 8, 2019. The resolution which declared Los Angeles a "city of sanctuary" for immigrants had been in the works since it was first introduced by Councilmember Gil Cedillo on September 8, 2017. A month later, on October 5, 2017, then Governor Jerry Brown approved Senate Bill No. 54, known as the "California Values Act".
https://hoax-alert.leadstories.com/3471171-fake-news-ice-arrests-la-mayor-for-harboring-fugitives-through-sanctuary-city.html
>dats rayciss, anon
approved by Bob Marley