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China Plans to Create Separate Blockchain Infrastructure to Legalize Only NFT

News Snapshot:

– Red Date Technology aims to develop a compliant NFT platform. – Ethereum and WeBank’s Fisco Bcos will be part of the BSN-DDC architecture. Cryptocurrency is illegal in China, but that doesn’t imply that non-fungible tokens (NFTs) must also be outlawed. South China Morning Post reports that cryptocurrency-related infrastructure in China will be separated from the one used to manufacture NFTs to avoid a negative impact on the country’s NFT business. Blockchain-based Service Network (BSN) is building a new blockchain infrastructure project that enables people and enterprises to construct and administer NFT’s without requiring infrastructure designed specifically for crypto. Earlier…

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