Dear Shujuju: Dear Cyber Administration of China (CAC):
xNY.io - Bank.org sends our colleagues in China sincere and kind greetings from New York City. - xNY.io - Bank.org is respectfully wanting to co-ordinate with CAC concerning xNY.io - Bank.org's February 11, 2022 message to CAC. - Particularly, relating to developing friendly relations between CAC and xNY.io - Bank.org concerning "Regulations on the Administration of Network Data Security (Draft for Comment)". Crypto Co. OKX Taps Ex-NY Regulator Linda Lacewell As GC <https://www.law360.com/fintech/articles/2318039?nl_pk=31322029-63eb-4d40-acd3-a08313aa07ff&utm_source=newsletter&utm_medium=email&utm_campaign=fintech&utm_content=2025-04-02&read_main=1&nlsidx=0&nlaidx=0> By Aislinn Keely Cryptocurrency exchange OKX said Tuesday that Linda Lacewell, former superintendent of the New York Department of Financial Services, has joined the company as its general counsel, a month after the firm agreed to a $504 million deal with federal prosecutors over compliance failures. Read full article » <https://www.law360.com/fintech/articles/2318039?nl_pk=31322029-63eb-4d40-acd3-a08313aa07ff&utm_source=newsletter&utm_medium=email&utm_campaign=fintech&utm_content=2025-04-02&read_more=1&nlsidx=0&nlaidx=0> | Save to favorites » <https://www.law360.com/fintech/articles/2318039?nl_pk=31322029-63eb-4d40-acd3-a08313aa07ff&utm_source=newsletter&utm_medium=email&utm_campaign=fintech&utm_content=2025-04-02&read_later=1&nlsidx=0&nlaidx=0> Nokia Says Hisense TVs Rip Off Its Video Tech <https://www.law360.com/technology/articles/2322556?nl_pk=b6acf8b6-b37c-4b07-bf77-776199569a34&utm_source=newsletter&utm_medium=email&utm_campaign=technology&utm_content=2025-04-09&read_main=1&nlsidx=0&nlaidx=15> By Chart Riggall Chinese consumer technology firm Hisense was slapped with a patent infringement lawsuit from Nokia Technologies, alleging it sold millions of products that infringe Nokia's video processing innovations while refusing to negotiate a standard licensing agreement. Complaint attached | Read full article » <https://www.law360.com/technology/articles/2322556?nl_pk=b6acf8b6-b37c-4b07-bf77-776199569a34&utm_source=newsletter&utm_medium=email&utm_campaign=technology&utm_content=2025-04-09&read_more=1&nlsidx=0&nlaidx=15> | Save to favorites » <https://www.law360.com/technology/articles/2322556?nl_pk=b6acf8b6-b37c-4b07-bf77-776199569a34&utm_source=newsletter&utm_medium=email&utm_campaign=technology&utm_content=2025-04-09&read_later=1&nlsidx=0&nlaidx=15> CAC may feel free to contact Mr. Gunnar Larson, co-founder at xNY.io - Bank.org anytime that is convenient for CAC and China, generally. xNY.io - Bank.org respectfully reserves all Interjurisdictional rights. Thank you, Gunnar Larson -- Gunnar Donald Arthur Peter Larson *xNY.io - Bank.org* 917-580-8053 NEW YORK, NEW YORK 10001 On Fri, Mar 21, 2025, 4:20 AM Gunnar Larson <[email protected]> wrote: > Sending you the very best regards. > > Thank you, > > Gunnar Laron > -- > *Gunnar Larson - xNY.io <http://www.xny.io/> | Bank.org <http://bank.org/>* > MSc > <https://www.unic.ac.cy/blockchain/msc-digital-currency/?utm_source=Google&utm_medium=Search&utm_campaign=MSc-Digital-Currency-North-America&utm_term=blockchain%20unic&gclid=Cj0KCQiAyJOBBhDCARIsAJG2h5ctwwMz0MRbVSk-LaYD-GMU5UgDSw7ynxbGr_a7SkaFAZzJc1-pzxEaAi4NEALw_wcB> > - > Digital Currency > MBA > <https://www.unic.ac.cy/business-administration-entrepreneurship-and-innovation-mba-1-5-years-or-3-semesters/> > - Entrepreneurship > and Innovation (ip) > > [email protected] > +1-917-580-8053 > New York, New York 10001 > > On Fri, Feb 11, 2022, 2:08 PM Gunnar Larson <[email protected]> wrote: > >> Dear Sir or Madam: >> We seek clarification to the recent notice of the Cyberspace >> Administration of China on Public Comments on the Regulations on the >> Administration of Network Data Security >> <http://www.cac.gov.cn/2021-11/14/c_1638501991577898.htm> (Draft for >> Comment). >> >> The Cyberspace Administration of China >> <http://www.cac.gov.cn/2021-11/14/c_1638501991577898.htm> (and Hong >> Kong) issued new guidance on third-party products and services that cause >> damage to users. According to the Cyberspace Administration’s guidance, >> users can request Internet platform operators to pay compensation in >> advance for data violations. >> >> Hong Kong is the data hub for Stacks (STX), where internet platform >> operators shall assume data security management responsibilities for >> third-party products and services connected to their platforms. Hong Kong >> mandates clarity of data security responsibilities for third parties >> through contracts and other forms, and urges third parties to strengthen >> data security management, and adopt the necessary data security protection >> measures. >> >> - Stacks’ strong third-party presence in Hong Kong extends to China. >> One of Stacks’ board members has served as a leader of a Shanghai based >> incubator. >> - The looming question is if Proof of Transfer (PoX) Stacks’ >> extension to Proof of Burn (PoB), where miners compete by ‘burning’ >> (destroying) a Proof of Work (PoW) from an established blockchain, is >> allegedly illegal in Hong Kong, under the Cyberspace Administration’s new >> guidance. >> >> PoX, when used for participation rewards (Such as with MIA Coin, NYCCoin >> and STX), could lead to miner consolidation. Because miners that also >> participate as holders could gain an advantage over miners who do not >> participate as holders, miners would be strongly incentivized to buy the >> new cryptocurrency and use it to crowd out other miners. In an extreme >> case, this consolidation could lead to a centralization of mining, which >> would undermine the decentralization goals of the public blockchain. >> >> China, along with Hong Kong, has outlawed various forms of threats to >> international peace and security. >> >> We seek the Cyberspace Administration of China's guidance if the Proof >> of Transfer >> <https://drive.google.com/file/d/1wL2kN6aMfsyT-T7g01YJSBB8meMn2SWg/view?usp=sharing> >> is a legal or legal consensus software algorithm in China and Hong Kong? >> Sending you the very best regards. >> >> Thank you, >> >> Gunnar Laron >> -- >> *Gunnar Larson - xNY.io <http://www.xNY.io> | Bank.org <http://Bank.org>* >> MSc >> <https://www.unic.ac.cy/blockchain/msc-digital-currency/?utm_source=Google&utm_medium=Search&utm_campaign=MSc-Digital-Currency-North-America&utm_term=blockchain%20unic&gclid=Cj0KCQiAyJOBBhDCARIsAJG2h5ctwwMz0MRbVSk-LaYD-GMU5UgDSw7ynxbGr_a7SkaFAZzJc1-pzxEaAi4NEALw_wcB> >> - Digital Currency >> MBA >> <https://www.unic.ac.cy/business-administration-entrepreneurship-and-innovation-mba-1-5-years-or-3-semesters/> >> - Entrepreneurship and Innovation (ip) >> >> [email protected] >> +1-646-454-9107 >> New York, New York 10001 >> >
