China adopted a new law on crypto that regulates the use of technology by government, businesses and citizens as of January 1, 2020.
The new law classifies crypto into three different types: primary crypto, common crypto, and commercial crypto. Basic cryptography and common cryptography, which will be managed by the authorities in this area, will be used to protect sensitive Chinese information such as state secrets.
By law, confidential state information transmitted by cable and wireless, as well as the information systems that store and delete this information, must use primary and common cryptography for their encrypted and encrypted protection. your security certification
Commercial cryptography, on the other hand, is used to protect information that is not confidential and this technology can be used by citizens, legal personnel and companies in accordance with Chinese law.
cryptography
The new Chinese law will also require institutions working in the crypto field to have "management systems" to ensure the security of their encryption. These managers will not be able to ask private encryption developers to disclose their source code or other proprietary information, but all trade secrets they will obtain must remain confidential.
By adopting a law on cryptography, China allows and encourages the commercial development and use of crypto. However, the development, sale and use of encryption "must not be detrimental to state security and public interests."
Those who do not report the security risks they face will be punished, as will those who offer cryptographic systems for sale that "are not authenticated." Existing Chinese cybersecurity laws already punish the use of encryption in a way that may threaten the state, and their new law includes similar provisions.
At a time when hackers are stealing your sensitive information in many ways, China's new crypto law could help Chinese companies better protect themselves online.
ViaEngadget