China’s No1 messaging app WeChat suspends NFT Accounts

    0
    701

    WeChat, a Tencent service, has blocked several accounts linked to so-called non-fungible tokens (NFTs) and clarified the laws surrounding these digital collectibles.

    There are currently no regulations in place in China regarding NFTs. These digital collectibles are available for purchase on a marketplace, but secondary trading is severely restricted. Tencent-verified accounts can showcase digital collectibles but not sell them on the secondary market.

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here