In China, buyers of goods in online stores will be obliged to indicate real data

It seems that in China, control over the Chinese segment of the Network and its users does not increase year by year, but month by month. Only recently, bloggers from the Chinese microblogging service have been obliged to register under real names. Now, users of online stores will need to specify not only real names, but also to confirm the entered data with passport numbers or other documents.

Previously, buyers could work with online stores through intermediary payment systems without transferring money directly to an online store. Now the intermediaries will also be obliged to identify their clients, so that the representatives of the authorities will be able to understand who the funds come from and for what product / service. In general, for most Internet buyers, such a measure does not represent any inconvenience, but those buyers who did not want to "shine" will now not be able to buy something anonymously.
')
Now all payment systems operating in China, all online stores and in general all organizations involved in the field of online payments will be required to identify users and save their data. Representatives of the authorities believe that such measures will help reduce the level of fraud on the Web, and this is indeed a real problem. The turnover of money in the Chinese segment of the Network is huge, amounting to hundreds of billions of dollars, and control over the flow of finance is minimal.

Interestingly, all of China’s Internet payment systems are subordinate to the People’s Bank of this country. Each payment system must obtain a license from the National Bank. However, this does not stop Internet entrepreneurs, and in 2011 more than 100 licenses were issued for a similar field of activity.

Via marbridgeconsulting