The latest development in the Chinese crypto crackdown saw the authorities limit Non-Fungible Tokens (NFTs) to mere digital collectibles, i.e., they cannot be traded for-profit anymore, levying a ban on NFTs as part of the decentralized business. According to the Chinese Journalist, Colin Wu, the regulatory framework around NFTs is next in line with strengthened supervision of NFT markets. Exclusive: Chinese regulatory authorities are strengthening the supervision of NFTs and have interviewed major Internet companies. NFTs are no longer allowed to be used, but instead are digital collectibles. — Wu Blockchain (@WuBlockchain) October 23, 2021 Furthermore, authorities have also interviewed…