Beijing’s market regulator warned that projects marketed in the country as non-fungible tokens (NFTs) or with metaverse-related concepts risk being involved in illegal fundraising or fraudulent activities. China banned cryptocurrency transactions in 2021, but has yet to spell out hard and fast rules for NFTs. That hasn’t stopped the country’s consumers from buying and trading what are known as “digital collectibles” in China, and many platforms offer such services. (forkast)
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Beijing Regulator Warns About NFT Speculation, Illegal Fundraising. Crackdown Coming?
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Cointime August 10th News Express
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