Confusion: Why is there a BTC/BSV mining pool in the national blockchain filing? BSV Chinese ambassador operation

On April 24, the State Internet Information Office released the third batch of 224 domestic blockchain information service names and filing numbers, among which the filing information of BTC/BSV mining pools rarely appeared.

Who is Fuzhou Boquan Network Technology Co., Ltd.?

According to the official website, Boquan Network was founded in June 2016. It has the world's top 5 mining farms, and also has BSV wallets, browsers, cloud computing power, mining pools, etc. Founder Lin Zheming is the Chinese ambassador for the BSV Bitcoin Association.

Mempool, a mining pool under Boquan Network, occupies 0.72% of the computing power in the BSV network, and the computing power in the BTC network ranks outside the top ten. Judging from the share of the mining pool, it is a bit exaggerated to advertise that it has the top 5 mines in the world.

The official website of Boquan Network does not seem to be updated. In the contact information at the bottom of the website, the WeChat customer service account shows that "the user cannot be found", while the WeChat service account Dot Wallet shows that the license or license has not been obtained and has been suspended.

Are mining pool filings rare? Not really.

Wu said that in the first three batches of filing projects, many mining pools have actually filed for filing, including the Ethereum mining pool Xinghuo Pool with the largest share of computing power, as well as Elephant Pool, Bee Pool, Hachi et al. However, many mainstream POW mining pools have not filed for the record, and their main bodies should have gone to Singapore and other overseas regions.

In addition, there are a large number of wallets, browsers, security and other related companies in the currency circle projects that have filed for the record. At the same time, the well-known public chain project Conflux has also filed for the third batch.

It’s just that this BSV Chinese ambassador, I don’t know if it’s because politics is not sensitive enough, or he wants to use it to promote BSV, so the words BTC/BSV are directly written in the service name.

Looking back, what exactly is blockchain filing? In fact, it is similar to the filing mechanism of the website, and it is also under the jurisdiction of the Cyberspace Administration of China. If you do not file for the record, you may be investigated and shut down. It is more of a "deterrence", just like the self-declaration of taxes that is being implemented, but if you do not report, you may be fined.

But on the other hand, the filing is only of the nature of registration and does not mean that it has been recognized. The official website of the Cyberspace Administration of China states clearly:

The filing of blockchain information services only registers the blockchain information services that the filing subject is engaged in, and the information is filled in by the filing subject itself. The filing does not bear legal responsibility for specific subjects, products, businesses, etc., and no institution or individual shall Results are used for promotional and other purposes.

Most cryptocurrency projects use blockchain technology, but do they belong to blockchain information services? Where is the boundary between blockchain and cryptocurrency?

According to China's past regulations, the status of Bitcoin as a virtual commodity is recognized, and ordinary people have the freedom to participate at their own risk, but at the same time it strictly prohibits currency issuance and trading platforms. At present, although there are no clear laws and regulations, this boundary has been relatively clear. It can be done without legal prohibition, as long as it is not related to transactions and currency issuance, other cryptocurrency applications and mining industries are still within the scope of policy and can be included in blockchain information services.

Looking back at the matter of Boquan Network, since Bitcoin is not illegal in essence, there is no need to make a fuss. It is expected that more cryptocurrencies will appear openly in the eyes of the public and decision makers.