China apparently wants to one-up the U.S. and the U.K. when it comes to urging technology companies to install security backdoors and break their encrypted documents and user communications in the name of national security.
Reuters reported on Friday that a newly proposed Chinese counterterrorism law calls for technology companies to turn over encryption keys to the Chinese government, allow for ways to bypass security mechanisms in their products, require companies to store user data and maintain servers in China, and remove any content that the country deems supportive of terrorists.
China is expected to adopt the draft legislation in the “coming weeks or months,” according to the report. The proposed law follows a set of banking security rules that the Chinese government adopted in late 2014 that requires companies that sell both software and hardware to Chinese financial institutions to place security backdoors in their products, hand over source…
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