The latest development in the Chinese crypto crackdown saw the authorities limit Non-Fungible Tokens (NFTs) to mere digital collectibles, i.e., they cannot be traded for-profit anymore, levying a ban on NFTs as part of the decentralized business. According to the Chinese Journalist, Colin Wu, the regulatory framework around NFTs is next in line with strengthened supervision of NFT markets.
China Targets NFT Market After Blanket Ban on Crypto, Here's Everything You Should Know
coingape.com
23 October 2021 10:05, UTC