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China Saw Over 59,000 NFT-Related Complaints in 2022, Claims Regulator

According to the report, which was released on the State Administration for Market Regulation’s social media account, the regulator noted a 30,00% hike in the number of complaints. The complaints related to NFTs rose from 198 in 2021 to a whopping 59,700 in 2022. A majority of the complaints pertained to price manipulation, exorbitant transaction fees, issues with refunds, random banning of customer accounts and non-delivery after purchase. 

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