The Digital Source For China's Tech Innovation Since 2000

China Tech Buzz

Global News Impacting Chinese Tech

China Sort of Bans NFTs, But Local Internet Giants Keep Entering This Field

News Snapshot:

Chinese authorities are prohibiting NFTs but allow digital collectibles instead; however, Internet giants keep entering the NFT space According to the Chinese crypto blogger Colin Wu, Chinese regulators are in talks with major Internet companies about non-fungible tokens (NFTs) use. He has reported exclusively that NFTs are not allowed to be used any more. However, instead digital collectibles are permitted. Exclusive: Chinese regulatory authorities are strengthening the supervision of NFTs and have interviewed major Internet companies. NFTs are no longer allowed to be used, but instead are digital collectibles.— Wu Blockchain (@WuBlockchain) [October 23, 2021] Still, local Internet giants and…

Other China Tech Buzz: