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Singapore-based BSN Foundation has announced the launch with five global founding members, including Blockdaemon, Zeeve, Toko, GFT Technologies and Red Date Technology.
US legislators introduced a bill on November 8, which would ban the federal government from doing business with Chinese blockchain companies
U.S. Representatives Nunn and Spanberger introduced the CLARITY Act of 2023, barring officials from dealings with Chinese blockchain firms.
Two US House representatives introduced a bill barring executive agencies from contracting with China-based blockchain firms, which have in turn invited the legislators to examine their code.
A new bipartisan bill under the title "The Creating Legal Accountability for Rogue Innovators and Technology" (CLARITY) Act aims to blanket-ban Chinese blockchains from being interacted with by U.S. government officials, citing possible threats to national security.