China’s tech giants will do identity checks on users who exchange non-fungible tokens (NFTs).
China Cultural Industry Association, local level NFT exchange is possible released a statement last week about what principles platforms should follow.
In the 14-page statement, the country’s Tencent Holdings, Baidu, JD.com, Ant Group signatures of technology giants such as
Banning the trading of cryptocurrencies, the Chinese government also imposes restrictions on NFT transactions. However, names such as Ant, Tencent, JD.com, Baidu, where these can be bought and sold under the term “digital collectibles”. They have established platforms.
According to the principles that private sector organizations support among themselves, such digital collection platforms, regarding their activities have licenses and take measures to protect their intellectual property rights. needs.
According to the news of the South China Morning Post, organizations in the sector also use these works. from users who export, buy/sell It will also ask them to authenticate.
This statement, published by the Chinese government, does not formally represent its policies.