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Huobi’s ‘Regulator-Friendly’ Blockchain Goes Open Source

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Huobi Chain, the regulator-facing public blockchain of exchange Huobi Group, is now open source and publicly available to all developers on GitHub, the firm said Tuesday.
Nervos, a blockchain development startup, is providing part of the technical infrastructure for the project.
The firms are developing pluggable components for the network that could enable regulators to supervise contract deployments, asset holdings and transfers, as well as the enforcement of anti money laundering regulations, Bo Wang, a Nervos researcher, told CoinDesk.
The components will also allow financial institutions, such as banks and regulatory agencies, to freeze assets and accounts in case of emergencies via sidechains, according to Wang.
“Supervision nodes will enable regulators to independently run and maintain nodes, extract data, and participate in the ecosystem’s supervision,” he said, noting Huobi Chain will also provide tools for pre-deployment audits and continuous tracking.
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