Today news
About the same in other media
After a crypto crackdown, is China going after NFTs and their promoters
Reading now: 557
The Cambridge Bitcoin Electricity Consumption Index showed that China held 0% of the average monthly hashrate share in August. After this, many concluded the country had done away with crypto for good.
But now, the Chinese authorities seem to have their eyes on a new target: NFTs.
Journalist Colin Wu announced that Chinese regulators had “interviewed” some Internet companies regarding their involvement with NFTs. While NFTs can reportedly only be used as “digital collectibles,” that hasn’t stopped large players like Tencent and Alibaba from launching NFT platforms.
At press time, both companies had responded to Wu, distancing themselves from “unregulated” NFTs and illegal virtual currencies.
According to a translation, Tencent stated,
“The
Read more on ambcrypto.comAbout this in other media
Huobi Group is moving to Gibraltar following China crackdown cointelegraph.com /2 years ago
Laos expects crypto mining to deliver these gains ambcrypto.com /2 years ago
Despite crackdown, blockchain, metaverse going strong in China ambcrypto.com /2 years ago
Show more
The website gocryptonft.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
