Although the new Regulatory Framework does not specifically mention the term “cryptocurrency”, it does establish its own agency in the country for the oversight of cryptographic technology applications and the management of passwords and public projects that pertain to crypto as a whole. The full regulatory framework was reported on a Chinese news site, which summarized it by stating:  “The key takeaway is — the developing of new cryptography, hashing algo, even the usage of the tech, will be in the official legal realm. This means you need to follow the CCP standard for all ‘encrypted’ behaviors, which can be VERY broad, from mining to block propagation.”