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Tencent’s WeChat Blocks NFT-Linked Public Accounts as China Tightens Crypto Supervision

April 1, 2022
Source: newstechreview.com newstechreview.com
News Snapshot:
WeChat public accounts, linked to the trading of non-fungible tokens (NFTs), have been blocked by its parent company Tencent. Art Meta, iBox, and One Meta are some NFT trading platforms who now don’t have access to their WeChat accounts. While the Chinese law has banned the trading and mining of cryptocurrencies, there is no clarity as yet on the legal status of NFTs in China. NFTs or non-fungible tokens are blockchain-based digital collectibles that are interactive in the metaverse and can be purchased using cryptocurrencies. The move is aimed at curbing the trade of risky and second-hand NFTs via WeChat...
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Tags: ban | bitcoin | block | blockchain | blocked | boycott | China | Chinese | CN | crypto | currency | Cyberspace Administration of China | digital | display | fintech | illegal | instant messaging | interactive | law | legal | mobile | social media | Tencent | Twitter | WeChat

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