Continuing its pressure on the crypto space since 2021, China has finally come to the fore with NFTs.
The Chinese government, which has waged war on Bitcoin mining due to high electricity usage and environmental concerns, has closed many crypto mining companies operating in the country.
But it looks like China’s influence on crypto price performance over the past year will continue to be a historical one. As a matter of fact, one of the social media giants in the country WeChat and WhaleTalk they are still concerned about possible pressure from the government.
The two companies in question are constantly updating their policies to restrict platforms related to NFTs. As a natural consequence of this, the removal of NFTs came to the fore in the statement made by WeChat.
The company announced that it has removed some accounts from the collectibles digital platform. He cited the violation of the operating rules as the reason.
It is stated that Xihu No.1 is also among the platforms that WeChat has removed. On the other hand, it is stated that the official application of Dongyiyandian is also banned.
WhaleTalk, on the other hand, has renewed its policy to increase sanctions for using unauthorized “OTC” desks in the trade of NFTs Ant group, a tech giant.
Many Companies Are Going To Take Precautions
Many companies are taking various measures to combat the risks associated with NFT acquisitions. The biggest reason for these measures is the increase in illegal transactions and bot trading on most NFT platforms.