Chinese authorities have expressed concerns about the collection of biometric data in exchange for cryptocurrency services, calling it a potential threat to national security. According to data released on August 6, 2025, government experts found that some cryptocurrency exchanges and mining platforms require users to scan their faces or fingerprints for verification, which could lead to the leakage of sensitive information. Beijing believes that such data could be used by foreign states or hackers for espionage or manipulation.
This step is part of a broader campaign by China against cryptocurrencies, which have already been banned for trading and mining since 2021. New measures include increased scrutiny of foreign platforms and penalties for violations. On X, users are actively discussing the topic, divided between criticism of regulations and support for data protection. Experts suggest that this could impact the global cryptocurrency market, especially the Asian segment.
The situation highlights the conflict between innovation and security. Stay tuned for updates!
#CryptoRegulation #DataPrivacy #ChinaCryptoBan #BlockchainSecurity #MiningUpdates
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