But in the white paper detailing the new legislation, which the Administration released on June 17th, all the new authority to regulate firms that posed systemic risk was vested in the Federal Reserve.

NEWYORKER: The Contrarian

Since the publication of the white paper, various Chinese ministries including the Ministry of Industry and Information Technology, the Ministry of Culture, the State Administration of Radio, Film and Television, the Ministry of Finance, just to name a few, have all come out with their own sets of regulations regulating various aspects of Internet business and behavior.

FORBES: China Is Governing The Internet Industry The Wrong Way