TREE NEWS update: Shanghai’s cyberspace and data authorities issued measures to facilitate cross-border data flows, including advancing the national blockchain network’s Shanghai hub with distributed digital identity, privacy computing and cross-chain capabilities. The plan supports building international data centers to underpin the computing power services industry and related cross-border digital services, with pilot applications in finance and automotive sectors across Lingang, Hongqiao and Pudong.
Shanghai Backs International Data Centers to Boost Cross-Border Digital Services
AI take
The measures matter less for crypto markets directly than for the compliance plumbing that cross-border digital services depend on. Distributed digital identity, privacy computing and cross-chain tooling, combined with dedicated international data centers, point to an infrastructure layer where data can move across borders under state-sanctioned rules. Finance and automotive pilots in Lingang, Hongqiao and Pudong give that layer real users rather than test cases. Whether such frameworks extend beyond these zones, and how they treat public-chain activity, is the open question.
Generated by AI for reference only.
Share on WeChat
Open WeChat → Scan → then tap "…" to send to a chat or Moments.
Tap "…" in the top-right corner to send to a chat or share to Moments.
Related News
1h ago
China’s Finance Minister Lan Fo’an Meets EU, ECB and Eurogroup Officials in Bangkok
1h ago
Shanghai issues measures to streamline cross-border data flows
2h ago
Indonesia Stock Exchange: MSCI Asked About Progress of Reform Measures
2h ago
Indonesia Stock Exchange to Engage MSCI Soon Over Warning
3h ago
Fed Chair Warsh: Fed Task Force to Build New Intellectual Capital for FOMC
3h ago
Fed Chair Warsh: Fed Policy Spills Over Globally, Foreign Policy Affects US