According to Chinese crypto blogger Colin Wu, Chinese regulators are in talks with major internet companies about the use of non-fungible tokens (NFTs). NFTs have been forming an important part of the Bitcoin and altcoin ecosystem lately.
Claim to China and this altcoin market: Is it banned?
“Chinese authorities are strengthening their oversight of NFTs and talking to major internet companies,” according to Wu Blockchain, who tweeted about the NFT ban earlier this morning. According to the Blockchain researcher, who always includes news from China on his Twitter page, “China will no longer allow the use of NFTs”. However, digital collections will be allowed.
Nevertheless, local internet giants and other big companies are still actively entering the NFT space. cryptocoin.com As we reported, McDonalds in China released 188 NFT kits to present to its employees and customers in honor of the company’s 31st anniversary of its presence in China. These NFTs were called “Big Mac Rubik’s Cube”.
On the other hand, Wu Blockchain; It reminds me that Tencent and Alibaba have also launched their NFT platforms, and DHL has also launched their NFT. In late September, China also banned Bitcoin (BTC) and cryptocurrency transactions, marking them as illegal. However, Chinese citizens are still legally allowed to own Bitcoin as a “digital property”.
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