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Is China targeting NFTs and their proponents as a result of the crypto crackdown?

October 28, 2021
Source: brinkwire.com brinkwire.com
News Snapshot:
Is China targeting NFTs and their proponents as a result of the crypto crackdown? China held 0% of the average monthly hashrate share in August, according to the Cambridge Bitcoin Electricity Consumption Index. Many individuals assumed that the country had permanently abandoned cryptocurrency as a result of this. The Chinese authorities, on the other hand, appear to have a new target in mind: NFTs. Chinese regulators have “interviewed” some Internet companies about their connection with NFTs, according to journalist Colin Wu. Despite the idea that NFTs are only supposed to be used as “digital collectibles,” large companies like Tencent and...
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Tags: Alibaba | bitcoin | blockchain | China | Chinese | crackdown | crypto | cryptocurrency | currency | DHL | digital | energy | Ethereum | fintech | government | illegal | index | Internet | IT | media intelligence | News Media | online shopping | technology | Tencent | Twitter

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