In a nutshell: It seems non-fungible tokens are having a hard time everywhere, but the struggle they’re facing in China is less to do with apathy and crashing crypto prices and more the fault of tight government regulations. The scrutiny has led to tech giant Tencent Holdings deciding that its NFT platform, Huanhe, is more trouble than it’s worth and will be closed down soon. China’s government has fought a running battle against cryptocurrency for years, cracking down on [mining businesses](//www.techspot.com/news/89790-china-crypto-crackdown-sees-mining-businesses-end-operations.html) and declaring all crypto transactions [illegal](//www.techspot.com/news/91409-china-declares-all-cryptocurrency-transactions-illegal-bitcoin-price.html) last year. It has an equally dim view towards NFTs, which have several…