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China to launch blockchain infrastructure to support NFT deployment, report says

News Snapshot:

China to launch blockchain infrastructure to support NFT deployment, report says – With the help of China's state-backed Blockchain Services Network, the country expects to introduce blockchain infrastructure to support non-fungible token deployment, the South China Morning Post [reports] . – This comes when cryptocurrency transactions are illegal in China, though NFTs – which are different to digital tokens like bitcoin ( [BTC-USD] ) and ethereum ( [ETH-USD] ), "have no legal issue," Red Date technology Chief Executive He Yifan told the South China Morning Post in an interview. – The infrastructure, dubbed BSN-Distributed Digital Certificate, will offer application programming…

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