Blockchain Information Service filing License in China

Non-financial, enterprise, and public utility applications of blockchain are heavily encouraged. This includes supply chain management, logistics, tracking, judicial evidence preservation, medical data sharing, and government administrative processes. Non-Fungible Tokens (NFTs) are permitted only if structured strictly as "Digital Collectibles" with zero financial or secondary trading attributes

All forms of cryptocurrency mining, issuance, initial coin offerings (ICOs), and trading are strictly illegal. Overseas crypto exchanges are banned from offering services to Chinese residents

CAC Record Filing (Bei'an): Providers must file their platform details through the CAC's online system within 10 working days of launch. This is an administrative filing, not an operating license, though it requires subsequent approval

Security Assessments: Providers must conduct and submit a formal security assessment before deploying any new application or functional upgrade

Real-Name User Authentication: Anonymity is banned. Providers must verify the identity of all users using Chinese resident IDs, mobile numbers, or corporate registrations before granting access. If a user refuses, the platform must deny service

Organizations must appoint dedicated personnel responsible for network information safety, data protection, and content review

The domestic company’s legal representative or chief executive bears ultimate administrative and criminal responsibility for content infractions or data leaks

Because a local entity or node operator must assume domestic liability, overseas projects typically require localized personnel or a domestic partner entity to handle regional compliance

Providers must actively monitor, filter, and purge content deemed a threat to national security, social stability, or public interest

Platforms must possess real-time monitoring and instant shut-off capabilities to stop the spread of illegal or unapproved information

All published user content, interaction logs, and system data must be safely archived for a minimum of six months and made available to law enforcement upon request

The provisions explicitly apply to all blockchain information services operating within the mainland territory of the People's Republic of China

Under the Cybersecurity Law (CSL) and Data Security Law, critical system logs and personal information collected within China must be stored on servers located within mainland China. Cross-border data transfers are heavily restricted and require independent CAC review or standard contract approvals

Legitimate corporate blockchain technology developers and service providers are subject to the standard national corporate tax rate of 25%. High-tech enterprises may qualify for a reduced rate of 15%

Tech services, software licensing, and cloud computing architectures are subject to standard VAT rates (typically 6%)

Individual income derived from legacy or overseas digital assets remains subject to personal income tax audit. Chinese tax authorities increasingly utilize network analysis and lifestyle audits to track undeclared capital

Standard corporate bank accounts can only be used for legal operations (wages, tech services, R&D)

Commercial banks and payment providers are forbidden from processing any payments, settlement transfers, or account operations linked to virtual currency or crypto trading platforms. Any suspicious funding flows connected to digital assets result in immediate account freezing and criminal reporting