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

January 14, 2022
Source: seekingalpha.com seekingalpha.com
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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Tags: Ant Group | applications | bitcoin | blockchain | BTC | China | Chinese | crypto | cryptocurrency | currency | digital | entertainment | Ethereum | executive | fintech | illegal | infrastructure | legal | online payment | Renminbi | stock market | stocks | technology | Tencent | Yuan

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