China to pass cryptography law in preparation for launching digital currency

China is treating blockchain technology as a foundational building block for future science and technology innovations. Late on Saturday, in a development that marks China gearing up to launch its own digital currency, the country’s rubber stamp parliament passed a new law on cryptography, reported state media late on Saturday. In 2014, China’s central bank…

China is making progress in securing its lines of communication: Pentagon

The development has significant repercussions on several fronts, including economics, trade, diplomacy and the military. As per a report presented by the Pentagon to the U.S. Congress, China’s 2016 launch of its first experimental quantum communications satellite was a “notable advance in cryptography research”. “The developer of the satellite claimed it has ‘enormous prospects’ in…