The Digital Source For China's Tech Innovation Since 2000

China Tech Buzz

Global News Impacting Chinese Tech

Chinese internet giant WeChat blocks NFT-related accounts to clean up crypto speculation

News Snapshot:

– Several accounts connected to the non-fungible token ( ) marketplaces have been blocked by WeChat, China’s most popular social media platform. – The Chinese company has stepped up their efforts to control NFT-related material due to the government’s concerns about speculation. – Only compliant firms can advertise NFTs. Meanwhile, Tencent-owned NFT platform and Ant Group have updated their user agreements. Despite the fact that China’s government has taken a hands-off approach to NFTs, the social media giant WeChat has begun to ban the accounts of NFT platform operators in response to potential legislation. WeChat seizes accounts related to NFTs…

Other China Tech Buzz: