lørdag 2. april 2022

China's WeChat suspends some accounts linked to NFTs

China's popular WeChat messaging app has suspended some accounts linked to non-fungible tokens (NFTs), to prevent speculation in the digital assets. The platform says it has "rectified" accounts which it found to be promoting NFT market speculation, that can help to drive up prices. There are no regulations against NFTs in China, although the trading of cryptocurrencies was banned last year. NFTs can be bought and sold in China like any other piece of property.

For this reason they have been touted as the digital answer to collectibles. However, they have no tangible form of their own, and experts have warned about risks in the market.