How China takes a different approach to NFTs

Published by
Relaxnews

In China, NFTs have properties far removed from what we know in the West. In order to avoid the speculative excesses of cryptocurrencies, these “digital collectibles” — the name given to NFTs in China — are required to respect certain rules, such as copyright and a ban on resales. Although it is fundamentally anti-cryptocurrency, China is nevertheless developing “digital collectibles,” aware of the financial opportunity that this industry can represent. For the moment, non-fungible tokens exist in a kind of gray area. The government has not decided to ban these assets, as long as this techno…

Read More

July 15, 2022