Crypto security paves way for CBDC
As Cointelegraph reported, the Standing Committee of the 13th National People’s Congress in China passed the crypto law on Oct. 26. It divides passwords at large into three distinct categories — passwords, common passwords, and commercial passwords — and aims to facilitate China’s transition to blockchain technology:
“In order to prevent data from being tampered with, it is necessary to protect each data with a password. The development of blockchain technology can not be separated from the progress of cryptography technology,” China Money Network wrote referencing a report from Japanese media outlet Japan Economic News.
Read the full article on CoinTelegraph.